Marcus Today End of Day Report -Wednesday 7th July

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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.