End of Day Report – Tuesday 16 July: ASX 200 falls 18 to 8000. RIO Drops on Production Report - DRO Drops on Media Article - Banks Steady-

ASX 200 slipped 18 points to 7999 (+0.2%) as consolidation around 8000 the go. A big divergence again in banks and resources. RIO production numbers failed to launch, and the stock dropped 2.4%, with BHP under pressure too, down 1.4%. FMG showed a small rise. Lithium stocks remain depressed, and base metal stocks also eased, IGO down 0.7% and S32 off 1.4%. Gold miners holding up well, NST up 0.6% and NEM up 0.4%. Oil and gas mixed, and uranium stocks slipped back slightly. PDN down 1.6%, and BOE off 1.2%. Banks help steady with the Big Bank Basket steady at $227.78. CBA eased back with other financials better, SOL up 1.0% and CGF rising 1.6%. Insurers eased, Industrials mixed, ALL off 3.3%, with tech falling as WTC lost 1.2% and XRO down 1.4%. Utilities are also under a little pressure, ORG down 1.0% and AGL falling 0.9%. Retailers are taking a breather, with FLT giving back some gains down 2.3% and WEB down 1.2%. In corporate news, CSL won a contract for a new flu vaccine, HUB was up 0.2% on positive FUA inflows, and IGO fell 0.7% on some more impairments. In economic news, nothing locally, China saw its manufacturing sector growing 6.2%. Asian markets mixed again, Japan back from a holiday up 0.3% and HK down 1.3% with China -0.1%. 10Y yields falling to 4.25%. Dow Futures up 38 points. NASDAQ Futures up 47 points. 

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