Tony Farnham

This page is completely dedicated to what Tony Farnham has to say. All of Tony Farnham’s quotes are organized here by date and topic. The most recent quote attributed to Tony Farnham came from an article called Australia shares rise as investors catch up with Wall Street; NZ flat: “We are catching up with that respectable rally of Wall Street.”.

Tony Farnham quotes

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We are catching up with that respectable rally of Wall Street.

Combination of local investors less nervous about the outlook for banks... and offshore interests from a currency perspective who have to find some way to invest those funds is pushing up local financials.

People saw a run-up in financials and now they are asking what have we got to justify buying them even more. And that is the challenge.

Obviously we didn't get a ride on the speeding train. What you're seeing is a reflection of the slowdown in U.S. after the rate decision, but a lot of it is currency impact.

You had gold and oil prices fall way more after the dollar got stronger, which reflected in selling in materials and energy stocks.

The poor GDP data has people expecting more accommodating policy. The accommodation can be either through friendlier monetary policy or alternatively it could be increased fiscal policy, by that I mean increased government expenditure ideally in the capex side and infrastructure side.

The move in materials and energy stocks to a large extent is a reflection of the sell-down in commodities that we saw on Friday.

The two major banks going ex-dividend is heavily weighing on the index.

It was pretty much a certainty that the energy and materials were going to start on their front foot this morning, on the back of a good rise in oil prices as Saudis talked optimistically about production freezes.

Eric Rosengren is a noted dove and when he came out and spoke about raising interest rates, he set the tone for the U.S. markets... the Asian markets followed suit.

And I genuinely believe that's going to be something that stays in place for an extended period as we work way through all the central bank meetings.

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