Episode Details

ASX 200 rallies only 22 points to 8115 (0.3%) as good times roll. A slight sell-off in the banks with a tentative rotation to resources. BHP up 0.5% and RIO doing much better up 1.9%. FMG underwhelmed although up another 0.6%. Gold miners better but still no real frenzy, NST up 0.9% and NEM up 2.0%. Uranium and lithium tried to rally but it was muted. PLS up 4.4% with PDN up a modest 2.2%. Albemarle announced closures to Australian production. Oil and gas slightly firmer, WDS up 1.5% and KAR doing well up 3.8%. Banks slid a little. CBA down 0.9% and ANZ up 0.7% as some catch up required! MQG rose 0.7% with insurers under a little pressure as 10-year yields fell to 4.08%. REITs racing ahead, GMG up 3.8% and GPT up 0.7%. Tech better, WTC up 1.4% and XRO pushing 1.5% ahead. Staples doing well, WOW up 1.0% with ALL up 0.2%.  In corporate news, PSQ got a knock out bid at 205c, BVS rose 2.2% on a return of capital and DRO returned to trade, promptly falling to close to the issue price, down 14.8%. On the economic front, Balance of Payments came in below expectations, increasing $537m in June. Asian markets weaker despite US futures firming. Japan down 2.5%, China down 0.3% and HK unchanged. 10-year yields 4.08% Slightly higher.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.