21/03/2016 - 05:57

Yellen continues to boost sentiment.. Better than the grand prix?

21/03/2016 - 05:57

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Global markets continued to rally on Friday night, following yellen’s move to leave interest rates on hold for an extended period. We attended the Grand Prix on Saturday and although it certainly is a boost to the economy, we are glad it is over… This week, we have the chairman of Bega Cheese coming for a PEAKTV interview…. So keep an eye for this… happy Monday…

Good Morning,

Trust that you had a nice weekend and are raring to go for a “short” week due to Easter festivities….

On Saturday, we attended the Formula 1 Grand Prix and although it is great for the Victorian economy, our little neighbourhood of Middle Park, felt like a U2 concert…

We are glad it’s over…

This week, we have a special guest attending for our PeakTV, Chairman of Bega Cheese (BGA)…

Lot’s to talk to Barry about… especially what is happening in China, infant formula and how the company is managing “fake” Bega Cheese products…

So are looking forward to sending you a copy of the interview.

So what happened on Friday night?

US Stocks rallied (Dow +107 points), as Yellen’s comments earlier in the week helped boost risk…

European markets were also higher as commodities rallied, following a boost in demand from Shanghai, prompting steel to the highest level since July 2015…

This is good news…

So… What's on today?

Overseas data: China business indicator March; Euro zone January current account; US Chicago Fed Feb index, US existing Feb home sales.

Fed speakers: Jeffery Lacker, Dennis Lockhart, James Bullard

The SPI is up 29 points this morning

 

Niv

Niv Dagan is an Executive Director of Melbourne based boutique funds management and corporate advisory firm, Peak Asset Management (www.peakassetmanagement.com.au). He is also a regular financial commentator on Sky Business.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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