Marcus Today End of Day Podcast – Thursday 13th October

ASX 200 closes down 5 points to 6643 in thin cautious trade. Late slide into close. US CPI tonight is the focal point. Then results. AGM season continues locally, Banks pushing ahead again following a great run yesterday. The Big Bank Basket up to $177.06 (2.1%). WBC the stand out up nearly 3%. MQG failed to fire falling 0.7% as insurers slipped, QBE down 0.3% and NHF off 12.0% after its cap raise. MPL in a trading halt on word of a cyberattack. Healthcare eased again, CSL off 1.2% and COH down 2.0%. Industrials wafted around, BXB down 1.1%, TCL down 1.0% and REA falling 2.3%. REITs back on defence as yields rose, GMG down 1.4% and SCG fell 2.7%. Tech eased but nothing significant, the All-Tech Index down 0.3% with WTC off 2.4%. In resources, BHP fell 0.8% with lithium stocks a little depressed, PLS off 4.5% and CXO down 2.6%. AKE dropped 5.6%. Gold miners were sightly better with some bargain hunters appearing, NCM up 0.8% and NST rallying 0.7%. Oil and gas stocks down, WDS off 1.4% and STO falling 0.8%. Coal stocks modestly lower.

In corporate news, Alan Joyce surprised the market with a profit update and the stock rallied %. PLS held its AGM and NHF returned to trade post its cap raise down 12.0%.

On the economic front, ABS Census data out today and we had weekly wage growth numbers, total wages, up 1.4%. 10-year yields rise again to nigh on 4% and Asian markets weaker across the board.
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