Market Updates
A twice-daily podcast from the Marcus Today team for self-directed investors.
Published every weekday before the ASX open and after the close (AEST), these short updates cover what's moving markets, key developments overnight, and the themes shaping the trading day.
Clear. Practical. No noise.
Market Updates
Marcus Today End of Day Report -Friday 10th September
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ASX 200 up 37 points to 7407(0.5%). Miners and resources doing well as BHP rose 0.8% and FMG put on 2.6%. Base metals following the positive leads from LME prices overnight, AWC up 6.3% and MIN better by 5.6%. Coking coal hits a five-year record of US$300, WHC up 2.7%. Industrials mixed with CSL off 1.0% and gains in some tech stocks helping. XRO up 2.6% and WTC doing well up 2.6%. The All-Tech Index up 1.1%.
Banks stable with CBA the best of the bunch up 0.5%. The Big Bank Basket at $182.78. MQG giving back some of this weeks’ gains down 0.6%.
In corporate news, STO and OSH have agreed on the merger terms, but the PNG government is proving a hurdle. AMA has launched a $150m capital raising with an entitlement issue and IRE has extended the Due diligence period for EQT. Citi is a little bearish on Z1P up 2.7% after a US visit on the brand change and MFG falls 1.9% on a broker downgrade. No economic news.
European futures opening stronger. US PPI tonight.