The ASX 200 rallies 68 points to 7393 although well off its highs as some caution creeps in ahead of the FOMC meeting. Banks bounced back with WBC rising 0.1% after a 10% fall, CBA up 1.2% and MQG rising 1.9%.
The Big Bank Basket rose to $187.20 or 1.5%. 10-year yields fell back post RBA attack to 1.82%, insurers were generally higher with QBE up 1.3%. Miners were good too led by BHP up 1.1% and FMG up 3.1%. The iron ore price stabilised in Asia giving bargain hunters a reason to be cheerful. Base metals were good too, IGO bounced 1.5% and LYC up 2.5%. Lithium stocks were still in favour as Glasglow continues to shine the light on EVs and renewables. ORE higher by 6.7%, PLS up 5.4% and MIN up 3.9%. Even VUL managed a gain today bouncing 6.5%. Healthcare stocks were better as CSL put on the ritz up 0.9% and FPH up 2.0%.
Industrials firmed but hardly runaways, WOW up 0.9% and COL up 1.7%. Tech slipped slightly led by a fall in APT by 0.1% and WTC off %. The All-Tech Index dropped 0.1%. In corporate news, AMP rose 9.3% after more asset sales, TYR dropped 15.0% on its AGM, PAR surged 22.8% on FDA approvals for its ongoing trials and PDI rose 8.1% on more promising drill results in Guinea. TLS unchanged on a defence contract renewal, not something that happens always.


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