Marcus Today End of Day Podcast – Monday 5th December

ASX 200 rallies 24 points to 7326 (0.3%) as iron ore bounces to $110 in Singapore. FMG leading the charge higher up 6.9%, BHP up 2.3% and second-liners CIA doing well up 2.2%. Lithium stocks a little on the nose with PLS down 5.1%, IGO off 4.9% and LTR falling 2.4%. Base metal stocks slightly firmer, S32 up 3.6%. Energy stocks firmed post-OPEC plus, WDS up 2.0% and STO up 2.7%, coal stocks a little weaker. Banks going nowhere in a hurry, the Big Bank Basket $186.49 (unchanged). Industrials firmed in quiet trade, TLS up 0.3%, WOW up 0.6% and ‘old skool’ platform stocks REA up 0.7% though CAR and SEK slipped slightly. REITs firm, GMG up 1.7% and healthcare slipping back slightly, CSL down 0.6% and RMD off %. Tech stocks eased back, WTC off 0.7% and CPU down 0.2%. The index falling 0.2%. In corporate news, WGO got another bid up 11.5%, with Gina and Kerry fighting it out. NEA takeover now approved by the court. MTS up 0.2% on higher earnings and a 9.5% increase in dividend. Nothing significant on the economic front ahead of the RBA tomorrow. Asian markets firm, HK up 3.5% and China kicking another 1.7%. Tokyo unchanged.10-year yields slip to 3.37%. Dow futures down 32 points. Nasdaq futures down 22 points.

Why not sign up for a free trial? Get access to expert insights and research and become a better investor.