Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market started weak and finished weak after showing some life in the middle of the day. Overnight market was giddy about the potential deal to freeze oil production at sky levels by the two main producers, but clarity soon prevailed and the deal need to see cuts and needs to see other players get on board. China worries still around while Japan looks skittish at best. US economy looks certain to slow down as more global growth downgrades are coming from independent houses. Locally treasurer gave an update that had no policy work attached. He is basically going to cut spending to give tax cut to the top end and corporates. Let’s see how that is going to work out for him…remember Joe!!!…. (VIEW LINK)