Market Updates

End of Day Report – Tuesday 12 Mar: Small bounce ahead of US CPI, iron ore falls again


Listen Later

ASX 200 limped 8 points higher to 7713. The market is waiting for direction from the US, with banks trying to rebound slightly as the Big Bank Basket flatlined at $207.93(0.1%). NAB slipped 0.4%. Other financials slightly better, QBE up 1.3% and SUN up 1.7% as GQG fell again down 2.3%. REITs mainly higher with GMG down 0.2% the rest better. Industrials a little higher, BXB up 1.4% and REA up 0.6%. Tech stocks rallying with the All-Tech Index up 0.7%. Retail better too, JBH up 2.0% and LOV up 0.9%. Resources suffered as the iron ore price fell again, BHP down 0.7% and FMG off 1.2%. Lithium stocks better as prices lifted in Asia, PLS up 4.3% on the back of an offtake agreement. MIN up 1.3% and LTR up 4.4%. Gold miners finally picked up with NST up 1.7% and NEM up 3.5% and oil and gas stocks eased WDS down 1.2% and STO off 0.6%. In corporate news, APX in a trading halt after a big rise of 30.1% and now an ASX query. AWC agreed a scheme with Alcoa, rising 8.1% and STX up 9.5% on a production update.  Philip Lowe has become the chair of FGX with BGL up 10.3% on a production update. QVE and WLE announced a merger of unequals. Dalian iron ore hit a five-month low as China recovery disappoints. Asian markets mixed as Japan slipped a little and HK better. China flat. 10-year yields steady around 3.95%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself?
Join the Marcus Today community.

...more
View all episodesView all episodes
Download on the App Store

Market UpdatesBy Marcus Today


More shows like Market Updates

View all
CommSec Market Update by CommSec

CommSec Market Update

10 Listeners

Motley Fool Money by LiSTNR

Motley Fool Money

88 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

19 Listeners

The Money Puzzle by The Australian

The Money Puzzle

41 Listeners

Your Wealth by NAB

Your Wealth

6 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

10 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

51 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

21 Listeners

Buy Hold Sell, by Livewire Markets by Livewire Markets

Buy Hold Sell, by Livewire Markets

3 Listeners

Podcast Archive by Marcus Today

Podcast Archive

0 Listeners

FEAR & GREED | Business News by Fear and Greed

FEAR & GREED | Business News

11 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

29 Listeners

On the Couch by Marcus Today

On the Couch

4 Listeners

Chanticleer by Australian Financial Review

Chanticleer

16 Listeners

The Fin by Australian Financial Review

The Fin

18 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

3 Listeners