Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market started with a bang after US rebound and then became a fizzer to end slightly negative. The global markets on Friday was hit by ECB back tracking on stimulus outlook and US Fed putting up a unexpected speech on Monday from a dovish speaker. The scare factor with dovish Fed speaker turned out to be a massive let down as she remained dovish. That drove the US markets into a rebound last night. The second piece to the puzzle in ECB will also deliver another update tonight….Super Mario to the center stage. US market is down 1.5% from the all-time high while the Aussie market is down over 7% from the recent high..… (VIEW LINK)