Market Updates

End of Day Report - Fri 10 Dec


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  • The ASX 200 fell 31 points to 7354 (0.4%) as some caution set in ahead of the US CPI number tonight and tech sell off in the US. Across the board losses but tech under some pressure, APT dropped 4.4% as a Block proxy pushing the All-Tech Index down 0.4%. Z1P dropped 2.4% in sympathy for the devil. WTC jumped in a flash rising 2.9% and other large tech stocks also held firm. TLS up 0.3% and SEK giving shelter up 0.3%. The banks fell with the Big Bank Basket having no expectations falling to $174.55 (0.5%). CBA down 0.3% and NAB down 0.2%. MFG found some support up 0.9% but insurers weakened. CSL in the sick bay dear doctor down 2.1%, SHL off 1.6% and RMD found no satisfaction down 2.7%. 
  • Industrials saw modest losses, you can’t always get what you want, ALL down 0.5% and TAH off 1.2%. Miners let it bleed as BHP dropped 0.6%, FMG was waiting on a new friend after Elizabeth Gaines announced she was out of time. FMG fell 0.8% with gold stocks needing an emotional rescue as NCM fell 1.7% and NST off 1.4%. 
  • No satisfaction on the corporate front, news thin on the ground. Wild horses couldn’t stir anything on the economic front. US CPI tonight. Asian market torn and frayed but no 19th nervous breakdown on Evergrande news. Tumbling dice saw 10-year yields slip back to 1.63% 

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Market UpdatesBy Marcus Today


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