Marcus Today End of Day Podcast – Wednesday 2nd November

 ASX 200 rose 10 points to 6987 (0.1%). A cautious day today ahead of Fed meeting outcome. 75bps the forecast, Q&A will be the focal point. A mixed sessions as banks eased, the Big Bank Basket up to $189.19 (0.1%). MQG slipped 1.8% with insurers solid as MPL rose 1.0%. Healthcare slipped a little with CSL down 0.2% after announcing a new deal down. Industrials weaker, WOW down 0.8%, EDV down 1.3% and COL sliding 0.8%. TLSDA also slightly weaker with no real interest. Tech stocks fell, XRO down 3.4%, WTC off 2.5% and the All-Tech Index down 0.8%. Resources were mixed as lithium stocks took a break PLS down 4.0%, MIN off 1.7% and AKE falling 3.9%. Base metals and iron ore better, BHP up 2.1% with FMG up 1.5% and RIO rising 2.4%. Gold miners were slightly firmer as bullion rose slightly. NCM up 1.6% and NST rising 1.2%. Energy stocks doing well on crude rises and coal stocks back in favour. WDS hitting highs up 1.2% and STO up 0.8% with WHC back in the green up 4.2%. In corporate news, AMC fell 4.3% on reaffirming guidance, LKE rose 5.2% on a Kachi update, CSL will work with Arcturus Therapeutics on a new mRNA flu vaccine. DMP had its AGM and again inflationary pressures hurting down 5.3%. On the economic front, building approvals and housing finance showing the extent of the price and activity falls. In Asia, a mixed session, Japan down a little but China up a touch and HK doing well.

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