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 – Friday 20th January
ASX 200 finished the week well up 17 points to 7452 (+0.2%) at a nine-month high, with big resources driving things higher. BHP heading up on broker positivity up 0.5% with RIO up 1.0%, gold miners doing well too, NCM up 2.4% and NST rallying another 3.2%. PLS was the standout after its huge cash pile just keeps on growing, up 13.2% and MIN up 1.8%. In lithium we trust, except for LTR which cratered 8.3% on a Kathleen Valley update with some cost blowouts (more funding required?). Base metals were firm, S32 up 0.2% and LYC up 2.2%. Oil and gas stocks continuing higher, WDS up 0.7% and STO seeing friends after quarterly, up 1.5%. Coal stocks soaring as WHC delivered rising 6.2%. Banks stuck with the Big Bank Basket unchanged at around $189.01. Other financials eased back, money managers down MQG off 0.7% and ASX off 0.8%. Insurers slightly better. Industrials mixed, healthcare saw some profit-taking as COH dropped 1.2% and RHC down 1.0%. Tech eased, XRO down 1.1% and Staples down. WOW off 0.5% and ALL off 1.1%. In corporate news, KAR up 3.4% on Brazilian permits, CCX down 7.7% on sales drop and SUL in trouble over pay. In economic news, Japanese inflation at its highest level in 40 years. Asian markets gearing up for the Rabbit, Japan up 0.5%, China up 0.5% and HK up 1%. 10-year yields steady at 3.40%. Dow futures up 39 points and Nasdaq up 43 points.
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