Marcus Today End of Day Podcast – Friday 28th April
ASX 200 closed up a mere 17 points at 7309 (+0.2%) after a promising start was ambushed by caution. Down around 0.25% this week. Big week. Banks were modestly better with CBA up 0.3% and ANZ doing well up 1.0% with MQG up 1.1%. The Big Bank Basket rose to $175.02$ (+0.9%). Insurers and fund managers also better with QBE up 1.1% and MFG gaining 2.9%. Industrials mixed, healthcare under a little pressure, CSL down 1.1% and RMD reporting quarterly fell 0.1%. REITs are slightly firmer with tech doing ok on Nasdaq moves. TLS up 0.5% and REA doing better too up 0.8%. Resources mixed, Iron ore stocks drifting, Lithium stocks a tad higher led by PLS up % on its quarterly. IGO up 2.0% and AKE up 3.8% also doing well. Gold stocks eased although NCM bucked the trend rising 1.4%. In corporate news, MP1 knocked the lights out with a significant upgrade and rallied 41.5%. Plenty of quarterlies in resources and tech. Nothing much on the economic front with US PCE in focus. Asian markets seeing some buyers emerge. Japan up 1.2%, HK up 0.2% and China up 0.7%. 10-year yields at 3.39%. Dow futures down 28 points. NASDAQ futures down 13 points.
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