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 6 points to 73015 as early optimism evaporates. SYD up 34% on a 825c cash offer from a consortium the highlight. The Big Bank Basket eases to $179.01 and the 10-year yield falls to 1.42%. Miners mixed and industrials ease with the All Tech Index down 1.1%. TAH now plans to demerge its lotto and Keno business into a new ASX listed company called Tatts perhaps.

European markets expected to open slightly easier and OPEC plus meeting continues to fracture with issues with UAE.

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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 up 43 to 7309 for a 1 point gain for the week. US jobs numbers tonight and RBA next week. banks picked up as CV19 cases in NSW seem to at least be under control. BHP rose 0.7% on oil prices, other miners slipped. STO and WPL had positive days, Industrials mixed as 10-year bond yields slipped to 1.47%. Tech stocks were flat with APT dropping 0.6% and the Index relatively unchanged. Travel stocks firmed on a government phased in plan to reopen borders even if it is a long, long way away. IEL the stand out up 20% on its acquisition in India.

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 slides 47 points (0.65%) to close on its lows at 7266. Banks under pressure again with the Big Bank Basket falling to $178.42.  Increase in CV19 cases in Sydney clearly sapping confidence. Travel stocks down only slightly though. 

LLC had a profit warning with the kick off of the much anticipated PXA leading to a rare outage on debut for its platform and a fight back from early losses to close up 2c from listing at 1715c. Some of the tax loss victims bounced hard today with gold miners doing well, RRL up 8% and RSG up 7%. Tech flat and industrials under some pressure.

European markets expected to open firmer.
 

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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 finishes with a whimper not a bang up 12 points to 7313 after good early gains evaporated. Miners doing well except gold as usual. ILU benefiting from RIO Richards Bay shut down, rising 11.7%. BHP up 1.1%. TLS sold 49% of its mobile towers business for $2.8bn. Stock up 4.4% on the news. NXL falling 13% on an insider trading scandal and KGN down 9.5% as profit taking kicks in. Travel stocks firm as CV19 appear under some control and AGL drops 10% on its plan to go green and brown.

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 rallies back to nearly square down only 6 points to 7301 in quiet EOFY trade. Banks show resilience as NSW numbers steady on CV19 front and state announces stimulus for business. GMA gets walloped 15.8% as CBA looks at current arrangement which expires at the end of 2022. Tech stocks little changed. Miners weaker on Perth and Darwin FIFO lockdowns and CSL rallies on vaccine news.

European markets set for a mildly weaker open.