US Markets Closed Overnight.... | STO Opens Up Data Room.... In Focus | Citigroup Lifts Buy on OZL |

Peak Asset Management
Good Morning, We are feeling a little more “relaxed” this morning, as US markets were closed overnight for Labor Day … No more, 300 point movements to wake up to each morning… The past few weeks has certainly felt like a “teenager throwing a tantrum” but unfortunately, there is more volatility to come… All eyes are on China and whether they can “stem” their outflows… The US is also hot off the press, as stronger data suggests that the US federal reserve will raise interest rates next week… we don’t think so… not just yet… In Oz, ANZ job ads came in at 1%, suggesting an 8.7% YoY, while the AIH construction numbers increased by 6.3 points, strengthening construction… So… What's on today? Australia NAB business survey, RBA's Luci Ellis speech in Sydney 9am on property and financial stability; US consumer credit; China trade balance Stocks in focus After receiving a string of inbound approaches for its long list of assets, Santos is now setting up datarooms for potential auctions. We see some value in the stock at currently levels
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.

3 topics
3 stocks mentioned

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...
Expertise
No areas of expertise

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...
Expertise
No areas of expertise
Please sign in to comment on this wire.