Why are global markets looking for direction?

Good Morning,

It appears that global markets are looking for clear direction…..

And aren’t getting it…

Last week, markets remained “fragile”, as talks of a US interest hike in June put some fear on whether global growth will remain resilient…

Given that US earnings are now out of the way, the market is closely monitoring macro-economic data, which largely, has been strong….

However, the stronger the data, the quicker the market will price in an interest rate rise in June…

Makes sense?

If the USD rallies, commodities “should” fall……….. so we are watching this closely….

Leading into June, we also feel that there will be some “tax-selling” and potential “window dressing”… which may, confuse investors leading into the new financial year…

Last night, Dow was flat (-8 points), as Apple offset uncertainty relating to a Fed hike…

In Oz, focus will be on Consumer sentiment… especially leading into the election, this is important for spending….

What's on today?

RBA governor Glenn Stevens speaks in Sydney, ANZ-Roy Morgan weekly consumer confidence

The SPI is flat this morning.

Add your comment


6th-Australian Institute of Management WA20,000
7th-Murdoch University17,883
8th↓South Regional TAFE10,835
9th-Central Regional TAFE10,000
10th-Training Course Experts10,000
51 tertiary education & training providers ranked by total number of students in WA

BNiQ Disclaimer