ASX 200 finishes the week up 27 points to 7220 (+0.4%), rebounding from early lows again as bargain hunters stepped in. ASX 200 down 1.2% for the week. Banks did a double take after the ANZ and MQG results. ANZ kicked 1.5% higher on record profits and talked increased competition as anticipated. MQG slipped slightly on its numbers. The commodities division once again the superstars. The Big Bank Basket rose to $167.86 (+0.4%). Insurers up with SUN better by 1.1% and QBE up 0.7%. Fund managers mixed. Industrials firm still; they have been the haven this week, REITs continue higher as bond yields fall, GMG up 3.0% and SGP up 2.3%. Tech weaker despite yields falling, ALL down 1.7% and TPG falling 1.3%. Resources mixed, lithium in demand with PLS up 4.02% and IGO up 3.2% even MIN chipped in with a 2.6% rise. Iron ore stocks still struggling, gold miners better on near record bullion prices. NCM up 2.2% and EVN up 2.3%. CHN did well up 2.8% and LTR up 3.6% giving Tim a nice weekend. In corporate news, ANZ and MQG the focal point. On the economic front, we had lending numbers and the SoMP. No real surprises. But no real hope for rates either. Asian markets muted Japan closed and China down 0.6% with HK up 0.6%. Dow futures up 58 points. NASDAQ futures up 50 points.

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