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ASX 200 drops 48 points to 7018. Dow futures up 66. AUD approaching 78c and 10-year yields rise to 1.77% hurting sentiment. Plenty of quarterly updates and production reports. CGF fell 15.8% as it guided to lower end of forecasts, LYC misses down 8.3% and CRN also in the dog house down 7.7%. Iron ore rises but RIO quarterly fails to inspire.

Market consolidates and searches for good news to hit highs.