Marcus Today End of Day Podcast – Thursday 30th November
ASX 200 finished up 52 points at 7087 (+0.5%) after a late afternoon surge.ASX 200 up 4.6% for November. A turnaround in the iron ore miners helped on news that nickel from Indonesia would not get a IRA break. BHP up 0.2%, RIO up 0.4% and FMG up 0.9%. Lithium turns around too, with PLS reversing early losses to close up 2.3%, with gold miners steady despite seeing some profit taking in places. Oil and gas were in pause ahead of OPEC, coal stocks eased. Meanwhile, Banks once again pushed ahead, CBA up 1.3% and the Big Bank Basket up to $178.88 (1.2%). MQG spurted ahead by 2.1%, with insurers doing well. QBE up 1.3% and SUN up 2.5% on its bank appeal. Healthcare better overall, with CSL unchanged after a good day yesterday, RMD up 2.3%. REITS slightly better SCG up 0.8%. Industrials firm TLS up 1.1% and staples higher, WOW up 1.8% and COL up 0.9%. Interest rate sensitive stocks doing ok, TCL up 1.0% and AIA up 1.0%. Tech also in demand, WTC up 1.2% and XRO up 1.0%, with the All-Tech Index up 1.0%. In corporate news, ORG knocked back Plan B, falling 1.9% in the process. IRE jumped 14.9% on an update. LTR rose 2.2% on a new director appointment. In China we saw some disappointing economic data, and we await the virtual OPEC meeting. Asian markets firmed Japan up 0.3%, China up 0.1% and HK up 0.1%. 10Y yields falling down to 4.38%. Dow Futures up 134 points. NASDAQ Futures up 32 points.
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