End of Day Report – Wednesday 15 January: ASX 200 falls 18 | US CPI awaits

ASX 200 fell 18 points to 8213 (0.2%) in quiet trade after a positive start gave way to some caution ahead of the US CPI tonight. Banks flat as yields firmed to 4.63% in 10-years. Financials mixed with MPL down 1.6% on news of potential premium increases. NWL continued to fall. REITs firm with GMG under some pressure as a ‘tech’ stock off 0.6%. Tech stocks remain on the nose here with WTC down 3.7% and TNE off 1.9%. REA and CAR also fell whilst TLS announced a new AI deal and fell 1.2%. Retail mixed with PMV still under pressure, MYR down 1.8% and travel stocks a little higher with CTD up 2.0%. GYG jumped 4.4% on a broker upgrade. Resources mixed, iron ore miners a mixed bag, BHP fell 1.0% and FMG up 1.8%. Gold miners better with NST up 1.0% and NEM up 1.3%. Lithium stocks saw some short covering with PLS up 4.1% and LTR rising 7.4% on hopes for lithium prices bottoming. Energy and uranium are slightly weaker. In corporate news, AVJ got a new 70c bid, ARU rose 17.4% on the government support for a convertible note. BBN rallied 13.9% on a trading update. In economic news, China’s central bank pumped a near-historic amount of short-term funds into its financial system today. Asian markets slightly weaker.

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