Market Updates
A twice daily podcast from the team at Marcus Today, the stock market newsletter for investors, bringing you up to speed with the latest stock market, financial, and business news. Published just before market open and after market close (AEST), Monday to Friday.
Market Updates
Marcus Today End of Day Podcast – Wednesday 18th January
ASX 200 closes up 7 points at 7393 (0.1%) in another tight-range day. Tiny late surge. Seems BoJ was not a catalyst after all. The song remains the same from the central bank. Good times and bad times from resources as Chinese authorities once again shake a waggly stick on iron ore prices. BHP down slightly, FMG up 0.8%, RIO up 1.1% and MIN up 0.3%. Lithium stocks remain dazed and confused. PLS down 1.5%, IGO off 2.8%. Not a whole lotta love for gold miners today either, as NCM fell 1.8% and NST off 1.7%. Coal stocks had a celebration day, with WHC up 2.9% and NHC better by 3.0%. Healthcare stocks were on a stairway to heaven as CSL rose 0.8%, RMD bucked up 2.3% on broker upgrades, with FPH also doing well. Industrials mixed as REITS fell a little, old skool stocks rambled on, REA up 0.1% and SEK better by 1.0% with bond proxies trampled under foot, TCL off 0.5% and ALX off 2.0%. Banks becalmed with the Big Bank Basket unchanged at $187.93. In corporate news, RBL fell 11.4% as the bubble burst, TLX did well on revenue numbers, and a good outlook, NIC in a trading halt as it said thank you with a big new capital raise and AKE underwhelmed a little on their quarterly update. On the economic front, we had building approvals down as the House of the Holy commitments fell 5.2%. In Asian markets readying for Lunar New Year, China up 0.1%, HK unchanged% but Japan leaping on a lower yen up 1.7%. 10-year yields 3.56%. Dow futures are down 5 points. Nasdaq futures up 14 points.
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