End of Day - Wed 27 Oct

• The ASX 200 flip flopped again closing up 5.3 at 7449 (0.07%) after CPI numbers sent 10-year yields higher still to 1.82%. Huge day in short dated bond yields as rate rise fears grow. Banks were winners on the back of this ahead of results season. The Big Bank Basket rose to $189.74 (1%). MQG up 0.6% with CBA the standout up 1.0%. Insurers also did well with other defensives in demand, healthcare up with CSL leading the charge up 1.0%% and RMD up 1.1%%. 
• Consumer stocks eased after WOW warned of a change in spending habits falling 3.2% dragging down the sector, EDV off 1.8%, WES off 0.1% and CDA dropping hard in the industrials on its quarterly report falling 18.8%. Once again quarterlies and business update flew thick and fast, A2M were creamed falling 12.0% after its move into Chocolate. In the mining space it was all change, uranium on the nose, lithium came off the boil as JCap raised some question marks on VUL and its German Zero Carbon project and despite a record BMX Auction from PLS the stock dropped 2.2%. 
• Iron ore miners on the red side of the ledger with BHP down 1.4% but some buyers appeared in the coal hole and magnesium stocks continued to explode higher. In economic news, WOW warned of food inflation, CPI came in as expected but short dated yields rallied as rates now look to be raised sooner rather than later.
  
  

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