Episode Details

The ASX 200 finished down 35 points to 8926 in a quiet, cautious start to the week. The focus was on weekend events with the market taking its lead from US futures which stabilised after a bump down. Losses pretty much across the board, banks eased back with the Big Bank Basket down to $309.58 (0.24%). Other financials also sold down, MQG down 0.6% and NWL falling 2.1%. Insurers steady with REITs easing back again, GMG down 1.3% and CHC off 1.1%. Technology stocks were weaker but not aggressively. WTC down 1.3% and XRO off 1.5% with the All-Tech Index off 0.9%. Industrials eased, WES down 0.9%, QAN fell 2.0% and retail stocks eased slightly. JBH down 0.5% and NCK down 2.2%. Healthcare also under pressure with CSL slipping yet again down another 1.4%. PME and TLX both had good runs on the back of news. 

In resources, iron ore miners stable with gold miners off slightly, NST down 2.0% and EVN off 2.4% as bullion slipped. Lithium modestly lower, with oil and gas better, WDS up 2.6% and STO rising 1.7%. Coal stocks also better, NHC up 4.6% and uranium drifting lower.

In corporate news, A2M soured 13% on China supply chain issues, MVF received another NBIO from the previous consortium at 90c. TLX announced a strategic collaboration and PME signed a five-year contract renewal. GQG fell 0.6% on its latest FUM update showing outflows continue.

Nothing on the economic front. 

Asian markets soar, Japan down 0.8%, HK down 1.1% and China up 0.3%. 10-year yields rise to 5.01%. 

US Futures jump Nasdaq down 201, Dow down 302. Europe opening lower.

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