Marcus Today End of Day Podcast – Thursday 27th October

 ASX 200 pushed another 34 points higher to 6845 (0.5%) despite bank weakness after ANZ results. Six-week high. MQG tomorrow. The Big Bank Basket fell to $183.08 (0.1%). CBA managed a gain of 0.4% as its out of cycle. ANZ down 3.3% on results and outlook. MQG up 0.3% with insurers also doing well, IAG up 1.0% and QBE rallying 1.1%. MPL steadied after the rout yesterday. Fund managers mixed, MFG down another 0.7%.  Healthcare stocks mildly positive, CSL up 0.2% and RMD rising 0.8%. Industrials firm but unspectacular, WOW up 0.7%, WES up 0.4% and TCL doing well up 1.3% on director buying. Tech slightly better, whilst Resources were higher leading the market. BHP up 2.4%, RIO up 0.8% and FMG falling 0.4% on its quarterly. Base metal stocks and lithium slightly firmer as S32 recovered some lost ground up 3.0% and PLS rallied 2.6% after 7% sell off yesterday. Gold miners heading higher, NCM up 3.2% and NST rallying 4.3%. Oil and gas stocks better as crude rose, WDS up 3.2% and STO rallying 2.0% with coal stocks back to their merry old souls.

In corporate news, ANZ dominated, LYC rose 5.6% despite issues with quarter, ACL revealed a cyberattack on data, falling 5.4%, CXO missed out on Musk signature, losing 5.2%, WBT soared 25.8% on another step along the ReRam road.

On the economic front, economists were trying to grab headlines with RBA predictions for next week. 50bps rise now firming. Most got it wrong last time anyway. Asian markets mixed and 10-year yields slipped slightly lower.

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