Marcus Today End of Day Podcast – Tuesday 29th August

Marcus Today Market Updates

ASX 200 climbed another 51 points to 7211 (+0.7%). Banks and resources leading the way, with BHP up 1.2% and RIO doing well up 1.1%. FMG bounced back from a loss yesterday with lithium stocks also in demand, PLS up 5.1%. MIN results cheered the sector rallying 8.0%, with IGO also better by 1.7%. Gold miners continued to attract interest, with NCM up 1.1% and NST up 1.4%. Oil and gas becalmed but coal stocks better. Banks continued higher, ANZ and WBC the pick of the bunch. The Big Bank Basket up to $175.79 (0.5%), MQG had a good day up 1.2%. Industrials slightly higher, COL up 1.1% and WES continuing to move higher up 3.0%. Tech stocks mixed XRO up 1.0% and WTC down 0.4%. The All-Tech Index pretty much unchanged, Healthcare still struggling. In corporate news, results once again dominated, BNPL in demand with EML up 31.5% on a beat, ZIP looking better on results, up 4.6%. SGR moved higher on its numbers and write-offs, TYR also in demand again on results beating expectations, rising 14.7%, and JLG gave a positive outlook and rose 9.0%. In economic news, Consumer confidence rose slightly. Asian markets up slightly; Japan up 0.2%, China up 1.3%; and HK up 2.3%. 10-year yields steady at 4.11%. Dow Futures up 34 points. Nasdaq Futures up 25 points.
Why not sign up for a free trial? Get access to expert insights and research and become a better investor.
Make life simple. Invest with Marcus Today.