Marcus Today End of Day Podcast – Friday 1st December
ASX 200 fought from early big falls to close down only 14 points to 7073 (-0.2%). Banks flat, the Big Bank Basket at $178.32 (-0.3%). MQG slid 0.8%, with other financials pulling back slightly. Insurers held in, with SUN up 0.2% and MPL up 2.0%. REITs mixed, GMG up 1.3% and VCX down 2.1%. Healthcare flat, Industrials saw some losses in staples, WOW off 1.0% and COL down 1.0%, with WES off 0.9%. Tech eased, XRO down 1.9% and WTC falling 1.0% with the All-Tech Index off 0.5%. In resources, Iron ore slightly better, BHP up 0.1% and FMG up 0.8%. Lithium stocks falling again, PLS off 0.8% despite a new substantial shareholder, gold miners mixed, NEM up 0.9% and NST down 2.3%. Oil and gas slid on OPEC Plus news, WDS down 0.5%, and STO off 0.1%. In corporate news, MSB tapped shareholders yet again, it must be Xmas after all, PMV posted record Black Friday sales rising 2.8%. COL got the ACCC thumbs up to purchase Sapputo’s milk facilities. In economic news, Chinese manufacturing PMI came in better-than-expected at 50.7. In Asia, not much happening, Japan +0.3%, China down 0.5% and HK down 0.8%. 10-year yields 4.499%. Dow Futures up 19 points. NASDAQ Futures down 34 points.
Why not sign up for a free trial? Get access to expert insights and research and become a better investor.
Make life simple. Invest with Marcus Today.
Create your
podcast in
minutes
It is Free