•  The ASX 200 closes up strongly by 47 points to 7371 (0.6%) after some stumbles due to WBC results. Banks were underwhelming as WBC disappointed on most numbers and buy back below forecast, the stock fell 7.6% to a six-month low as CBA stood loud and proud as the best. CBA rose 1.5% with the Big Bank Basket down to $186.67. 0.3  %. The bond market yields came off dramatically ahead of the RBA backflip, insurers better with QBE up 2.5% and IAG up 0.8%. MQG returned from its capital raising and rose modestly by 0.4%. 
• Industrials and bond sensitive plays pushed ahead as the 10-year yield fell to 1.9% taking some of the sting out. TCL rose 1.6% as traffic returns REITS better as shoppers return and rates drop, GPT up 0.8%. Consumer stocks also back in favour led by WES +1.8% and DMP rising 3.5%. Tech mixed as APT fell 1.0% but others improved. The All-Tech Index rose 1.8%. Miners steadied despite falls in iron ore on Friday, BHP fell 0.5% FMG up 2.9% and RIO doing better up 0.8%. 
• Energy stocks also in demand with STO up 1.7% and KAR up 1.9%. Gold miners eased but base metals better and lithium continues to trundle higher. All eyes on Glasgow helping in clean and green themes.
•  In corporate news, AST agreed a bid from Brookfield, PRT agreed a bid from SWM and STP rose 79.8% in listing its comfy undies business and JDO joined the boards for the first bank in 30 years to join the ASX up 7.6%. On the economic front it is all about the RBA tomorrow. 

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