Episode Details

The ASX 200 bounced back strongly from the slide yesterday closing up 38 points to 7506 (0.5%). All systems go and Asian markets helping too as Japan hit 35k. Quiet trade again though. Banks were once again leading the charge, the Big Bank Basket hit $193.87 with CBA up 1.4% and WBC up 1.2%. MQG also did very well up 1.5%. Insurers flat but REITs once again pushing ahead, SCG up 0.7% and VCX up 1.0% with consumer stocks finding plenty of more friends, JBH up 3.8% and DMP up 0.6% with HVN rallying another 1.0%. Tech better, WTC up 1.0% and XRO up 0.8% with the All-Tech Index up 1.1%. Telcos better too as TLS rose 0.5% with CAR up 2.3%. In resources, Iron ore miners tried to stabilise although FMG suffered falling 1.9%. Lithium stocks bounced, PLS up 2.4% and IGO up 2.3%. S32 had a great day, up 5.0%. Gold miners slightly better, oil and gas a nothing burger. Coal stocks slid, WHC down 2.1%. In corporate news, WOR dropped 2% on Ecuador issues, PNI rose 1.2% on an investment update. Nothing on the economic front, US CPI tonight. Asian markets saw gains again, Japan up 1.8%, HK up 1.5% and China up 0.3%. 10-year yields 4.11%.

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