US Payrolls 223,000 vs. 230,000 expected.. | Iron Ore Plunges 6%... BHP, RIO, FMG in Focus | Greek Referendum .. Which Way? |
Peak Asset Management
Good Morning, We’re certainly glad it’s Friday … However, we will still be keeping an eye on those Greeks and their referendum… Even with a “No” vote, we expect this “saga” to continue for several months now, markets will stop “caring” and get back to fundamentals To hear my thoughts on the Greek situation, China and the AUD, please click on the below: (VIEW LINK) so what happened last night? Employers in the US added fewer jobs vs. expected (223,000 vs. 230,000), while the unemployment rate fell to 5.3% .. In AUS, stronger reports from PBG, combined with broker upgrades in BSL, helped drive our market higher, however, today, with iron ore down 6%, we expect further weakness in the resource sector…. All eyes will remain on Europe over the weekend and we expect another volatile week next week, so we need to be prepared… The SPI is pointing to a 19 point fall on open…
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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,...
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