Marcus Today End of Day Podcast – Tuesday 14th February
ASX 200 closes up 13 points to 7430 (0.2%) after caution crept in and results weighed. US CPI tonight the key. Resources turning negative as MIN fell 4.1%, AKE down 1.0% and BHP and RIO eased back. Gold miners steady but lithium under a little pressure. LYC unchanged on a Malaysian regulatory update. Oil and gas mixed, WDS down 1.1% but STO up 0.6% despite write downs. Coal stocks eased back. In industrials some good gains for tech with WTC up 3.1% and XRO up 2.2%. TLS managed a 1.0% gain and other defensives better WOW up 0.6% and ALL up 1.0%. REITS also did well, GMG gaining 0.2% and leading GPT 1.6% higher along with the sector. Banks firm ahead of the CBA number tomorrow, expecting around $5.2bn cash profits, the Big Bank Basket up to $190.47 (0.2%). Insurers gave back some of the gains yesterday, MQG up 0.7% and other money managers better. Healthcare feeling slightly better as CSL delivered results up 0.9% and RMD rallied 0.5% with SHL up 1.3%. In corporate news, plenty of results, JHX fell 4.3% on a downgrade to guidance, TPW crashed 26.9% on a miss on sales, ANN failed to bounce on disappointing results off 8.7% and BRG dropped 4.7% as air fryers were not enough to save the numbers. SGF did well up 9.1% and SGM put on 7.1% on its numbers, CGF also doing well on its results up 4.4%. In economic news, both Westpac and ANZ consumer surveys were soft, looks like in Japan they will have a new BoJ governor. Asian markets mixed again, Japan up 0.6%, HK up 0.2% and China down 0.3%. 10-year yields 3.74% steady here.
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