Marcus Today End of Day Podcast – Tuesday 11th April

ASX 200 rose strongly to 7310 up 91 points (1.3%) in quiet post-Easter trade. Both banks and resources fired up with industrials solid too. BHP led the resources gaining 2.1% with RIO up 1.9% and FMG gaining 2.9%. Gold miners too were better despite bullion easing, NCM saw the bid increased from Newmont rising 5.2%. NST up 2.1% and EVN up 3.9% on production guidance. Base metals and lithium found some love, MIN up 3.6% and AKE gaining 2.7%. LTR pushed ahead by 1.2% with CHN doing well too, up 3.3%. Energy stocks were better, WDS up 0.8% and STO rising 1.1% with KAR outperforming up 6.2%. Coal stocks flat, though. Banks better with WBC leading the charge up 1.8% as results loom. The Big Bank Basket rallied to $173.72 (1.1%). MQG a little underwhelming up only 1.1%. Fund managers modestly better with GQG up 1.5% on FUM increase. REITs firmed with SGP up 3.7% and GMG up 1.5%. Industrials firm but not spectacular, TLS pushing 0.5% ahead. WES up 1.4% and AGL firming 2.6%. Tech a bit floppy with the index slightly higher. In corporate news, a little quiet with NCM the focus. Better consumer confidence numbers locally and in China the CPI came in below forecasts. In Asian trade, Japan up 1.2%, China down 0.4% with HK flat. Dow futures up 46 points, Nasdaq futures up 2 points.

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