Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market opened positively on global sentiment and then withered away after making two attempts at staying above 5530. Aussie market today was mainly driven by the rate cut expectations. Regulatory approvals helped push AIO/QUB and MTS. SIV follows CIM in getting hammered for negative market update. The market is not in a forgiving mood…we suggest taking profit in stocks with reporting season risk ahead of their result and buying back after the update. ECB update tonight will be the first post Brexit and will set the tone for market pricing in stimulus… (VIEW LINK)