End of Day – Tue 12 Apr

Marcus Today Market Updates

• The ASX 200 fell 31 points to 7454 (0.4%) in quiet trade ahead of US CPI. Everything down across the board, except 10-year yields up to 3.08%. Miners bounced a little in the afternoon as Asia rallied, lithium stocks on the nose again, PLS fell 5.8% on a production report, MIN down 0.2% and BHP unchanged with IGO and S32 down too. Gold miners a little mixed, RED doing well up 2.5% and NCM off 1.1%. Energy stocks flat despite a 2% rise in oil in Asian trade, STO down 0.9% and WPL unchanged. Banks stumbled with WBC down 0.4% and ANZ falling 1.0% on a broker downgrade. The Big Bank Basket eased back to $191.21 (0.3%), MQG rose 0.6%. Healthcare fell as CSL once again under pressure, down 1.3% with RMD and FPH off 3.4% and 2.3% respectively. WES fell 1.0% and other consumer stocks drifted lower in low volume trade. Tech fell with SQ2 down 0.4% and WTC falling 2.2%. The All -Tech Index fell 0.9%.
• In corporate news, IMU fell 8.7% as shares were released from escrow and PAR gained 19.0% on FDA fast tracking designation for OA. In economic news, ANZ consumer confidence rose slightly, and the 10-year keep going higher and higher. 3.08% now. Asian market mixed, China tech on the nose, CSI rose 1.1% HK up 0.6% and Tokyo down 1.7%

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