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End of Day Report – Tuesday 10 December: ASX 200 drops 30 points | RBA holds | Resources shine

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Manage episode 454748730 series 2991632
Innhold levert av Marcus Today. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Marcus Today eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

ASX 200 slipped 30 points to 8393 (-0.4%) as investors switched from the high flyers to resources following the news yesterday from China. Banks saw selling pressure with CBA down 1.1% and NAB sliding 2.8% with the Big Bank Basket down to $256.99 (-1.5%). MQG off 1.9% with insurers under pressure too. High-flying platform stocks also in sell-down mode, with HUB and NWL down. REITs under pressure, GMG off 2.2% and SCG down 1.7%. Tech too in the seller’s sights, WTC off 4.4% and XRO falling 4.4%. The All-Tech Index dropped 3.55%. REA took a tumble as did CAR and SEK. In media stocks, NWS saw Murdoch senior thwarted in a Nevada court. Industrials and retail slipped slightly. Resources saw strong buying across the board, though gains moderated from intraday highs. BHP up 3.1% and FMG rallying 6.2% with PLS bouncing hard together with MIN. Gold miners back in demand, GMD hitting 52-week highs. NEM up 2.4% and EVN up 5.0%. Even oil and gas stocks rose, KAR up 5.3% with uranium in-demand, PDN up 2.0%, and WHC doing well too, up 3.5%. In corporate news, PPT dropped 8.4% on an ATO issue that could see the Barbarians at the gate slam it shut. IAG fell after being hit with a class action in Victoria. In economic news, the RBA kept rates unchanged, but we saw a slight softening of language. Hikes seem to be off the table now. Asian markets rose on stimulus optimism, with China up 1.6%, HK up 1.0% and Japan up 0.4%. 10-year yields falling to 4.15%.
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1664 episoder

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iconDel
 
Manage episode 454748730 series 2991632
Innhold levert av Marcus Today. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Marcus Today eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

ASX 200 slipped 30 points to 8393 (-0.4%) as investors switched from the high flyers to resources following the news yesterday from China. Banks saw selling pressure with CBA down 1.1% and NAB sliding 2.8% with the Big Bank Basket down to $256.99 (-1.5%). MQG off 1.9% with insurers under pressure too. High-flying platform stocks also in sell-down mode, with HUB and NWL down. REITs under pressure, GMG off 2.2% and SCG down 1.7%. Tech too in the seller’s sights, WTC off 4.4% and XRO falling 4.4%. The All-Tech Index dropped 3.55%. REA took a tumble as did CAR and SEK. In media stocks, NWS saw Murdoch senior thwarted in a Nevada court. Industrials and retail slipped slightly. Resources saw strong buying across the board, though gains moderated from intraday highs. BHP up 3.1% and FMG rallying 6.2% with PLS bouncing hard together with MIN. Gold miners back in demand, GMD hitting 52-week highs. NEM up 2.4% and EVN up 5.0%. Even oil and gas stocks rose, KAR up 5.3% with uranium in-demand, PDN up 2.0%, and WHC doing well too, up 3.5%. In corporate news, PPT dropped 8.4% on an ATO issue that could see the Barbarians at the gate slam it shut. IAG fell after being hit with a class action in Victoria. In economic news, the RBA kept rates unchanged, but we saw a slight softening of language. Hikes seem to be off the table now. Asian markets rose on stimulus optimism, with China up 1.6%, HK up 1.0% and Japan up 0.4%. 10-year yields falling to 4.15%.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.

  continue reading

1664 episoder

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