Commodities and the Aussie Banking Sector

David Taylor, Market Analyst and Commentator, CMC Markets see a rush into safe haven assets such as the US dollar and gold from the threat of a credit rating downgrade in Spain and Belgium. On the performance of commodities on Australian markets, investors are cautious about impending US data and its effect on the Aussie dollar and commodities stocks. There has also been a lot of attention paid to the banking sector from government regulatory changes. Profits are seen to be stable, and the bad debt cycle is ending for the Big Four banks. Going into 2011, the banking sector performance will depend on performances in commodities and discretionary stocks. On interest rates in China, he notes that there has been prudent management from China and expects business as usual next year. See omnystudio.com/listener for privacy information.