Marcus Today End of Day Podcast – Monday 31st October

Marcus Today Market Updates

ASX 200 pushed another 78 points higher to 6864 (+1.2%) as Tech rebounded. Everything performing well except Resources and Energy. Banks pushed higher again as the Big Bank Basket rose to $186.77 (+1.3%). Insurers positive, AMP up 4.6% and MPL finally moving up 0.7%. Healthcare made steady gains, with CSL up 2.3% and IDX up 6.9%. Industrials were positive as the sector moved up 1.1%, TLSDA up 1.6% and RWC doing well up 3.6% as bond yields marginally increased to 3.74%. RBA decision tomorrow.REITs happy, WES up 3.2% and PBH bouncing up 3.6%. Tech stocks were winning today with the All-Tech index up 2.6%. XRO doing a backflip on last week and bouncing 4.6% and Resources still hurting as iron ore stocks continue to fall, BHP down 0.3%, RIO down 0.4%. Lithium stocks having a good day with, PLS up 4.5% and CXO up 3.4%. Gold miners the worst performer of the day, NCM dropping 2.6% and GOR down 3.2%. Coal had a mixed day with YAL down 3.2% and WHC down 4.1% yet SMR up 2.9%.
Dow futures are down 14 points.

Why not sign up for a free trial? Get access to expert insights and research and become a better investor.