Marcus Today End of Day Podcast – Thursday 9th November

ASX 200 up another 20 points to 7015 (+0.3%), off highs but holding up. Banks continue to find buyers with NAB volatile post results, WBC Ex-Dividend with the Big Bank Basket up to $178.05 (+0.6%). MQG kicked 1.5% higher, with insurers doing well too, SUN up 0.7% with SOL up 1.5%. REITs mixed, SCP and VCX down. Industrials holding up relatively well, Tech in a hole made by XRO with WTC down 2.7% following XRO after results and a bad reception, falling 12.2%. Healthcare better with CSL better, up 1.8%, but RMD falling back 3.6%. Resources were better as iron ore stocks recovered, BHP up 0.6% and FMG kicking 1.5%. Lithium finding some support from depressed levels, PLS up 1.1%, and gold miners slipping lower. NEM having another bad day off 4.3%, down 10% this week post the merger. Oil and gas eased, WDS down 1.8% and coal better, WHC up 1.0%. In corporate news, ORI rose 2.8% on better-than-expected results. NAB results were solid, ZIP fell 5.1% after AGM comments. CGF up 1.9% on an agreement with Apollo. On the economic front, business turnover increased. Chinese CPI slipped on pork price falls. Asian markets mixed, Japan up 1.2%, China off 0.1% and HK down 0.3%. 10-year yields down to 4.53%. Dow Futures up 3 points. NASDAQ Futures down 14 points. 

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