Marcus Today End of Day Podcast – Thursday 27th April
ASX 200 slipped another 24 points lower to 7293 (-0.3%) in quiet trade again. Off lows on Deutsche Bank numbers. Quarterlies dropped and volatility at company levels. Banks eased with CBA down 0.8% and the Big Bank Basket down to $174.21 (-0.6%). MQG lost 0.3% and insurers fell with SUN down 1.1%. Healthcare under pressure, CSL down 0.6% with COH off 0.7% and RMD down 1.4%. REITs slipped again, GMG down 0.8% and SCG off 0.7%. Industrials fell slightly, QAN off 2.0% and WES down 0.6%. ALL falling 1.6% with tech easing despite Nasdaq gains. WTC down 0.1% and XRO off 0.7% with the All -Tech Index unchanged. In resources, big miners slightly better, BHP up 0.8% and FMG up 1.0%. Gold miners mixed, NST up 0.6% and NCM down 2.1%. Lithium stocks under pressure in places, PLS off 0.5%. AKE enjoying a 4.2% bounce on takeover speculation. Oil and gas stocks eased, WDS down 0.8% and coal steady. In corporate news, BKL was the big story as Kirin lobbed an agreed $95 bid. ABC fell hard on a Kwinana update, UMG down 4.7% on a downgrade to earnings. In economic news, international trade process indexes out. In Asia, Samsung reported the lowest operating profit since 2009 as demand continues to fall. Japan down 0.1%, HK up 0.1% and China up 0.3%. 10-year bond yields rose slightly to 3.39%. Dow futures up 49 points. NASDAQ futures up 91 points.
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