
Market Updates
A twice-daily podcast from the Marcus Today team, designed for self-directed investors. Stay informed with the latest stock market, financial, and business news, published every weekday just before the market opens and after it closes (AEST).
Market Updates
End of Day - Friday 12th August
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Marcus Today
- ASX 200 fell 38 points to 7033 (0.5%) as market gave up most of the gains this week. Late rally helped somewhat. Resources slid as the AUD strengthened above 71c and 10-year yields soared to 3.40%. BHP fell 0.8%, BSL off 1.6% and FMG fell 0.7%. Base metals eased and lithium mixed after a good week. PLS up 0.3% and AKE down 0.4%. LTR fell 5.6% with SYA under pressure, down 3.5%. Oil and gas stocks moved higher on oil prices, WDS up 3.7% and STO doing well up 0.8%, coal was a merry old soul as SMR delivered with results and rose 10.9%. Gold miners eased back on the stronger dollar hitting bullion prices. Banks were mixed with CBA suffering downgrades and down 0.5%, NAB up 0.8% and the Big Bank Basket relatively unchanged. MQG dropped 0.5%, insurers fell too with QBE down 2.4% and SUN falling 3.9%. Healthcare dived, CSL off 0.8%, RMD down 3.1% and SHL off 3.3%.
- Industrials were weaker with REITs under pressure, GMG fell 2.8%. WES down 1.7% and consumer stocks generally eased, ALL off 0.7% with tech falling as Nasdaq dropped last night. WTC down 2.5%, XRO off 2.4% and the All-Tech Index off 1.6% with CPU rallying slightly.
- In corporate news, IAG reported and rose 1.1%. RMD tanked 3.1% on its results and BBN got wind and fell 4.9% on supply chain issues.
- Nothing on the economic front. Asian markets generally better, Japan back on stream after another holiday and up 2.4%. China down 0.1% and HK up 0.5%. 10-year yields at 3.40%. Bit of a worry.
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