Market Updates

• The ASX 200 closed down 42 points to 7382 (0.6%) after US inflation hits 30-year highs and local jobs numbers disappoint. Short-dated bond yields gapped higher, and the AUD fell towards 73c. Banks were under pressure all day with NAB down 1.6% and CBA off 1.6%, with the Big Bank Basket down to $187.58 (0.9%). Other financials eased, MQG down 0.7% and ASX off 0.9%. Fund managers slid again, MFG down 0.9% and PTM plumbing the depths with another 1.4% wiped off. 
• Industrials were hit across the board, healthcare fell led by CSL down 2.4% and SHL down 1.7%. WES fell 1.4%, TCL off 1.8% and REITs slid led by GMG down 0.6%. Tech in a hole as APT fell 2.4% and XRO disappointed falling 6.2% on a business update. The All-Tech Index fell 1.3%. Miners though were back in the green, FMG launched itself 8.2% higher as CEO Elizabeth Gaines pushed the hydrogen story and Twiggy took to Twitter on his Green gas credentials. Iron ore miners rallied hard with BHP up 2.6% and RIO up 1.9% on Dalian futures gains and Chinese property stocks rallying. 
• Gold miners in demand as AUD gold soared. DEG up 7.8%, NST up 4.8% and EVN pushing 5.1% ahead. SBM up 2.8%. Energy stocks slipped as OSH/STO updated the market on the merger both easing over 1-2%. In corporate news, LTR dropped 12.1% on its long awaited DFS and downstream report, CHN though pushed up another 9.6% on broker upgrades. NEA fell 12.3% on its update and XRO off 6.2% as revenue rose but profits still seem elusive. RHC also disappointed with its update, down 4%. 10-year yields back up to 1.79% on the jobs data.

US markets pulled back overnight amid a hotter than expected inflation read and a spike in bond yields. Catch up on all the action with Henry's Breakfast Briefing. 

• ASX 200 SPI Futures down 9 points.
• US markets stumble on CPI at 6.2% highest in 30 years.
• Gold pushes ahead. Rivian surges on debut.
• Oil drops. Iron ore falls. Jobs number at 11.30am

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• The ASX slips 10 points to 7424 (0.14%) as Chinese PPI surges and iron ore falls on Dalian futures exchange. Miners were on the nose today with BHP down 2.7% and FMG off 2.1% as futures tumbled in Asia, S32 off 2.3% as base metals and lithium stocks also came under pressure, ORE down 4.7% and PLS off 3.8%. Even battery tech stocks slid with NVX down 14.1% and TLG off 8.6%. CHN kicked hard again up 4.9% as brokers upgraded targets. Gold miners held up better but were still a little troubled, NCM up 0.6% and DEG off 1.3%. Energy stocks failed to fire despite higher crude prices as mergers and corporate actions overshadow the sector.
•  Banks saved blushed today as NAB had a great day bouncing hard on broker upgrades as it slipped into second spot on brokers league table, the stock closed up 4.4% and dragged up WBC by 0.8% and ANZ 0.8%. The Big Bank Basket closed higher at $189.89. Other financials slipped slightly, MFG down 2.8% and QBE off 1.5%. Industrials mixed but drifting lower for choice. REA down 2.2%, WOW off 0.6% and QAN falling 2.2% as travel stocks pulled back from recent optimism. Tech under pressure as APT followed Square lower by 2.2%. The All-Tech Index down 0.9%. 
• In corporate news, PPH reported and needed more than a prayer to avoid a sharp sell off down by 13.4%. VUL down 6.7% on acquisition of a data set. The Noosa Mining conference kicked off today and some good moves in explorers but very stock specific. On the economic front, we had better consumer confidence and new home sales. The 10-year yield slipped slightly to 1.73% and Asian markets fell hard on Chinese property woes.  

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• ASX SPI Futures up 20 points.
• US markets ease back from record run.
• Iron ore slips slightly.Oil up and gold modestly higher.
• Chinese CPI and PPI due today.

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• The ASX 200 finishes down 18 points to 7434 as a promising start came unstuck. Banks again in focus as NAB reported and although a beat on a number of metrics, NIM and costs were of concern. The Big Bank Basket fell to $188.13 (1.2%) with NAB down 0.8%. Other financials followed suit with MQG slipping 0.5% and QBE off 2.3%. Elsewhere, industrials were sloppy with WOW down 0.7%, WES off 0.3% and TLS falling 1.3%. REITS weakened and healthcare staged a partial recovery from Monday’s losses, CSL up 0.9% and FPH rising 2.0%. Mining stocks were in vogue with BHP up 1.0% and FMG rallying 1.8%. 
• Gold miners too having a good day with NCM one of the few down on its latest Canadian acquisition. SBM look to be on the road to recovery up 3.0%. Energy stocks slid on the reports that LNG was dead, and hydrogen was the future. Could be a lot of venting from some customers. Tech stocks flat lined with APT up 2.4% and the All -Tech Index up 0.9%. 
• In corporate news, CHN was the stand-out superstar stock with its Tier 1 maiden resource rising 28.51%. Recent high-flyer CAE cratered 42.1% after a drilling update and KMD rose 0.7% on a business update. 10-year yields steady at 1.77%. 

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US markets hit fresh records again overnight and commodities all rallied. Catch up on all the action with Henry's Breakfast Briefing. 

• ASX SPI up 9 points. 
• US markets grind out more highs on infrastructure spending.
• Commodities higher. Gold up 0.6% Oil better by 0.8%
• NAB results beat expectations. 67c dividend.

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• The ASX 200 falls 5 points to 7452 (-0.1%) with ANZ and MQG ex dividend. Banks firm with three out of four not bad, Meatloaf would be happy. The Big Bank Basket rose to $190.43. Insurers better but other financials drift lower. Industrials were mixed, bond sensitive stocks pushed ahead with TCL up 0.7% and SCG rising 2.9%. TLS fell 0.3% and REA down 3.0% with healthcare in ICU as CSL fell 0.8% and SHL down 2.2%. 
• Miners were better despite iron ore under pressure Friday, BHP rose 0.8% after its coal sale, FMG better by 0.4% and gold miners in focus as bullion bubbles away. SBM up 5.2% as a recovery play and EVN up 4.0%. Energy stocks were better on higher crude prices and battery stocks doing well, lithium though a little depressed, ORE down 3.6% and PLS off 3.0%. Tech stocks eased with APT down 0.6% and XRO falling 4.9%. The All-Tech Index down 1.6%. 
• In corporate news, SYD rose 2.8% on the IFM bid firming up at 875c but many hurdles left to jump. SDR listed today with a staggering 38.5% gain. CUV dropped 8.3% as a board spill on the cards. BHP sold part of its coal business to SMR which celebrated in style rising 14.0%. ALL dropped 2.1% as Gopher Investments approach the target for certain due diligence information. 10-year yields 1.74%.

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US markets all hit fresh records on Friday night whilst over the weekend the US House of Reps passed a $1.2T infrastructure package which should provide a sentiment boost. Get up to speed with Henry’s Breakfast Briefing. 

• ASX 200 SPI up 22 Points.
• US Records continue to fall. 
• Jobs data better than expected. 
• Oil and gold up. Iron ore down 6% plus on Friday.
• SYD news scheme today. Siteminder (SDR) lists.

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•  The ASX 200 rises 29 points to 7457 in a solid across the board rally to end the week. US Jobs numbers beckon. 10-yields yield heading back down, now 1.77%. The rally was once again led by the banks with the Big Bank Basket up to $189.99 (0.4%) despite WBC going ex-dividend today too, down 2.8%. Other financials joined CBA in the winners’ circle with MQG up 0.2% and ASX up 2.4%. 
• Industrials firm across the board, WOW up 1.4%, COL up 1.3% and TCL rising 0.4%. Healthcare also in favour, CSL up 0.8% and RHC up 1.5%. Miners were also in demand as the AUD fell, BHP up 0.2% and FMG rallying 0.6%. Gold miners rose too as bullion headed back to US$1800. NCM up3.5 % and EVN up 4.8%. Energy stocks were becalmed. Tech stocks were skewed by the falling APT as Square released results in the US and dropped 5.5%. APT down % and the All-Tech Index down 0.4%. 
• In corporate news, NWS had a great result with the stock rising 6.9% REA also doing well up 5.6% on its quarterly results. LNK rose 8.6% on a takeover approach by Carlyle and PNV dropped after the MD resigned. In economic news, the RBA released its SOMP today, bond yields collapsed and Asian markets cautious ahead of US NFP. 

S&P up for a sixth session in a row and NASDAQ at another fresh record. SPI Futures up 20 points. Get up to speed with Henry's Breakfast Briefing. 

• ASX SPI Futures up 20 points.
• US markets better with more records. BoE keeps rates on hold.
• LNK sees offer from Carlyle.
• Oil slips on OPEC Plus.
• Gold up 1.7%
• Square falls 5% after results.

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