Market Updates

Marcus Today End of Day Podcast – Friday 12th January


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ASX 200 limped into the weekend down 8 points to 7498 to finish the week relatively unchanged. Quiet with low volumes again. US PPI and Chinese CPI in focus. Banks 'sagged' with the Big Bank Basket down to $193.63(-0.1%). NAB down 0.2% and ANZ falling 0.6%. MQG slid 0.2%, with insurers a little better, SUN up 0.8%. REITS mixed with GMG down 0.3% and SGP up 1.1%. In the industries, supermarkets are under pressure as the government pushes for price cutting. The rest of the industrials also drifting lower, TLS off 0.3% and BXB down 0.9% with tech under a little pressure, XRO off 0.8% and utilities falling too. ORG down 0.7% (Ex-Div) and APA down 1.9%. In resources, the ‘Three Amigos’ were a little mixed, FMG up 1.2%, with BHP down 0.2%. Lithium stocks mixed, PLS down 1.1% and MIN off 1.4%. Gold miners were slightly higher, and oil and gas stocks better as the UK and US launched an attack against the Houthis in Yemen. Crude rallying around 2%. Uranium stocks on a charge as the price hit a fresh post Fukushima high, DYL the standout.  In corporate news, NXL warned of higher legal fees falling 12.9%, HLS fell 7.6% after a downgrade by Morgan Stanley. SYR rallied 1.9% as cold weather hit Louisiana.  There was nothing locally on the economic front; Chinese CPI fell 0.3%, and PPI fell 2.7%. In Asian markets, Japan up 0.4%, China down 0.1% and HK unchanged. 10-year yields, 4.07%. Dow Futures down 25 points. NASDAQ Futures down 16 points.

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Market UpdatesBy Marcus Today


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