Market Updates

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Welcome to the new MT Breakfast Briefing Podcast. 

This is for those members that do not want to see a video but would rather have a podcast whilst driving perhaps. 

Same content - different format.

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ASX 200 closes up 60 points at 7333  (0.8%) unfazed by the rise in Sydney Cv19 case numbers it seems. Bank and miners led the rally with the Big Bank Basket rallying to $178.88 and BHP up 3.2% together with FMG up 3.3%. Tech stocks slightly firmer as APT rose 1% and the All Tech Index rose 0.7%. In corporate news, WES bid 138c in cash for API.

European markets expected to open flat except Italy which is still celebrating.

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Welcome to the new MT Breakfast Briefing Podcast. 

This is for those members that do not want to see a video but would rather have a podcast whilst driving perhaps. 

Same content - different format.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.

ASX 200 closes down 69 points to 7228 (1.6%) as Sydney CV19 numbers head higher. Late rally helping at match out. Alert and alarmed. Dow Futures up 6 points. Losses across the board.  Banks copped it hard as business shut down in Sydney, the Big Bank Basket dropped to $177.89, MQG off 1.9%. Health care in casualty today led by CSL down 1.3% and COH falling on deaf ears down 1.3%, RHC down 1.7%. Industrials squashed, WOW off 1.2%, WES down 1.8%, ALL off 1.0% and TCL down 0.8%. TLS did manage to hold up, one of the few. Tech stocks also under pressure with BNPL stocks in the spotlight after recent strong runs. APT down 5.0% SZL off 8.5% and HUM down 3.0% on some historic issues coming to light. But not in a good way. The All-Tech Index dropped 2.4%. Miners were also in the spotlight, BHP down 0.4%, RIO down 0.6% but amazingly FMG rose 0.7%.  In corporate news, PMV has asked for a meeting with MYR to rid the company of three directors. AD8 rose 6.7% after a business update and VEA up 5.1% on an operational update and guidance.

Have a great weekend.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.

Welcome to the new MT Breakfast Briefing Podcast. 

This is for those members that do not want to see a video but would rather have a podcast whilst driving perhaps. 

Same content - different format.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.

ASX 200 closes up 15 at 7341 (0.2%) after early gains evaporate as Sydney numbers climb. Banks turned negative with the Big BankBasket down to $179.17. MFG slipped 3.9% on a broker downgrade and Z1P rose 13.7% after media reports of a potential substantial shareholding of around 4% from rival Klarna. Tech stocks mixed as XRO fell 0.4% with APT up 3.0% with the All-Tech Index up 1.1%. Miners were a bright spot with BHP up 1.8%, FMG up 0.7% and gold miners sliding.  In economic news, RBA governor Lowe has admitted in a speech that high immigration has hurt wage growth and highlighted the importance of achieving sustained full-employment “in the low 4s.” 10-year yields fell to 1.33%.  Dow futures down 92.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.

Welcome to the new MT Breakfast Briefing Podcast. 

This is for those members that do not want to see a video but would rather have a podcast whilst driving perhaps. 

Same content - different format.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.

ASX 200 closed near session highs up 65 points at 7327 (0.9%). Banks firm as were industrials. CGF saw a near 9% bounce on news Apollo Management had taken a 18.8% stake. GRR soared as pellet prices rise and margins increase. Tech stock were in favour following a Nasdaq bounce with the All-Tech Index up 2.5% led by a 4.5% rise in APT. Healthcare also doing well on a lower dollar and 10-year yields dropped to 1.37%. Miners saw some gains with gold in focus as it popped above US$1800. Oil stocks eased as OPEC woes continue.

European futures opening slightly positive. Dow futures down 33 points.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.

Welcome to the new MT Breakfast Briefing Podcast. 

This is for those members that do not want to see a video but would rather have a podcast whilst driving perhaps. 

Same content - different format.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.

ASX 200 takes a post RBA meeting plunge falling 53 points to 7262 closing on its lows. Bond buying looks set to be pulled back slightly, 10-year yields rose to 1.47% and the AUD up to 75.68c.

Tech stocks under pressure with the All Tech Index down 1.6%. MYR rises 15% on Solly Lew increasing his stake. SYD slips 1% after bid yesterday and the Big Bank Basket slips to $178.19. TLS down 2.4% and CSL easing 1.7%. BHP a bright spot up 0.8% as oil hits three year high on no OPEC plus deal.