End of Day Report – Friday 11 October: ASX 200 falls 9 points | US banks report tonight

ASX 200 closed down 9 points on the day at 8215. Banks were mixed, ANZ up 0.2% with the Big Bank Basket flat at $234.17. Insurers and MQG rose slightly, REITs under some pressure on the higher bond yields. GMG is off 0.7% and GPT down 0.2%. Tech under pressure as WTC finally slipped 1.3% as CEO sold down again. Industrials drifted lower, retail off with JBH off 1.0%, SUL down 1.4%, and LNW slipping 2.4%. Healthcare better as CSL rose 0.6% with COH up 0.6%. Resources were again under some pressure ahead of the next Chinese stimulus announcement, BHP down 1.1%, FMG off 1.3% with lithium mixed. Gold miners were better led by EVN up 1.8% and GMD rising 2.0%. Oil and gas stocks better, WDS up 0.5% and STO up 0.6% with coal picking up slightly., In corporate news, quiet again, Tesla show left more questions than answers. DUB announced a cap raise and APX joined in with a $50m placement. Nothing on the economic front. Asian markets saw China down 1.8% ahead of MoF briefing tomorrow. Japan down 0.2%. Money flowing back to Japan. HK closed for a holiday. 10Y yields 4.23%. Dow Futures down 10 points. NASDAQ Futures up one point. 

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