Marcus Today End of Day Podcast – Friday 11th November

• ASX 200 finished the week in style up 194 points at 7158 (2.8%) to a five-month high. Up around 3.8% for the week. Everything was up with the exception of the insurers which suffered as rates fell, banks were well sought as the Big Bank Basket hit $185.88 (+1.6%). Fund managers leveraged to the market also doing well, MFG up 9.8%, MQG up 5.6% and PNI up 12.5%. Industrials bid well too, Healthcare firm, CSL up 3.4%, RHC up 4.7% and PME up 11.5% some of the standouts. Telcos better, TLS up 1.0%, tech in demand with the All-Tech Index up 5.8%. WTC bouncing 10.4%, XRO up 8.3%. CPU a rare weaker stock down 2.9% on falling rates. 10-year yields falling to 3.64%. Staples finding friends again and will continue to do so, WOW up 1.6% and COL better by 2.3%. Resources very strong, BHP up 3.8%, FMG up 5.8% and S32 up 5.7%. Gold miners raced higher, NCM up 3.5% and NST rallying another 3.3%. Lithium slightly left out but LYC up 3.9%. Energy stocks mixed, coal down and oil and gas better led by WDS up 1.4%. In corporate news, AX1 rose 17.5% after a positive AGM, JRV fell 17.6% after a placement weighed on the stock, APX rallied 8.7% on a substantial shareholder notice. Nothing on the economic front. Meanwhile, in Asia, Japan up 2.8%, HK up 5.5% and China up 2.1%, US Bond markets closed tonight for Veterans Day. Dow Futures up 63 points and Nasdaq Futures up 17 points.

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