US Stocks Unchanged as Retail Sales Inline... | China's Yuan Devaluation - Priced in ... | Mirvac (MGR) notes that "Double-Digit" Growth in AUS Property is Over... |

Niv Dagan

Peak Asset Management

Good Morning, And happy Friday…. It certainly has been one of those weeks, or even months, that we are looking to “leave behind”… Siting at yearly lows certainly leaves us wanting some upside in the market… there are opportunities opening up, however, we are staying on the sidelines for now.. Last night, US Stocks closed largely unchanged, as retail sales remained “flat” and energy stocks fell lower… It appears that China’s yuan devaluation is now fully priced in, so markets will now re-focus their attention on macro-news and the AUS reporting season Retail Sales (US) – Chart In Oz, we expect that focus will once again turn on reports and the outlook statements. Commodities were generally lower last night, with Crude Oil down 2.45%, Gold down $5.0/oz and AUD/USD is back to $0.7350 The SPI is pointing to a 2 point fall this morning


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Niv Dagan
Niv Dagan
Executive Director
Peak Asset Management

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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