Marcus Today End of Day Podcast – Friday 12th May

 The ASX 200 grinds out a 5-point gain to 7257 (0.1%) as banks gain and resources fold. ASX 200 up 0.5% for the week. Big iron ore and base metals were under pressure following LME price falls on disappointing Chinese numbers. BHP off 1.2% with RIO down 1.0%. Gold miners sold off too as bullion slid slightly and NCM extended the period of DD for Newmont falling 2.2%.  Lithium stocks better though as LRS caught a gust of buying, up 21.4%, MIN gained 0.6% despite iron ore falls. PLS flat and IGO threw in the towel with MCR. Oil and gas stocks eased back on crude falls, Coal weaker too. Banks better as the Big Bank Basket rallied to $170.96(0.5%). MQG still struggling a little. Insurers floppy after QBE update on past disasters. Money managers better, AMP up 0.9% and MFG up 1.8%. Healthcare stocks the stand out with CSL up % and RMD running %. Industrials also in demand, WES up 0.8%, WOW up 0.2% and ALL up 0.4%. GMG and the REITs better and tech stocks in demand, WTC up 1.1% and the All-Tech Index up 0.9%.  In corporate news, QBE disappointed, NWS rallied on its update, REA flat on slowing local economy and SHV cut its crop outlook falling 1.3%. Nothing on the economic front. Asian market mixed, Japan up 1.0% China down 1%. US futures positive.

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