End of Day – Mon 7 Feb

• 1.7The ASX 200 fought back from over 60 down to close down only 9 points at 7111 (0.13%). Miners were the star attraction as China returned from LNY. BHP rose 1.2% with FMG also doing well up 0.9% and base metal stocks pushing higher, ILU up 4.5% and S32 rallying 1.0%. Gold miners not doing much with energy better STO up 1.6% and WPL up 1.9%. Coal stocks also doing well with CRN up 7.6% with PDN up 1.4%. Banks were weaker after ANZ Q1 results, WBC up 0.2% building on last weeks update. CBA flat and NAB down 1.2%. The Big Bank Basket flat at $169.70 (0.5%). Healthcare under pressure as CSL pricing period coming to an end. The stock finishing down 1.6%, FPH off 1.7% and SHL falling 1.1%.
•  Industrials mixed with staples slipping but travel stocks doing well as we finally allow double vaccinated visitors into Australia from Feb 21st. Tech stocks were mixed following Nasdaq gains, XRO up 0.5% and SQ2 up 3.1%. The All-Tech Index fell 0.2%. 
• In corporate news, ANZ Q1 disappointed with the stock falling % on NIM pressures, GNC knocked the lights out with bumper crop talk rising 12.3% and CTT rose 21.8% as it signed a deal with JD.Com. MFG fell 11.2% after Hamish stepped down for personal reasons, Chris Mackay taking the reins. JHX showed us the strength of the US market with results rising 2.0%. In economic news, retail sales out today up 4.4% but job ads ease. Asian market back on stream after LNY with China up 1.7% and HK down 0.3%. Japan down 0.8%. 10-year yields close to 2%. 

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