Marcus Today End of Day Podcast – Friday 9th December

 ASX 200 finishes up 38 points at 7213 (0.5%) as iron ore stocks rally hard on Asian gains. BHP up 2.7% and FMG up 2.8% leading the charge as Dalian futures hit a 4-month high on hopes of a Chinese property rescue. Lithium stocks still struggling a little post GS research. Gold miners were better with NCM up 0.8% and NST gaining 2.0%. EVN up 2.4%. CHN continue to push on up another 3.8%. SYR and 29M also in demand. Energy stocks flat, coal stocks mixed, WHC up 1.3%. In industrials, REITs slipped a little, gaming stocks better with ALL up 0.2% and healthcare modestly higher. Tech stocks better as WTC rallied 1.2% and XRO up 0.8% as book squaring pre-PPI was the way to go. Banks were mixed with CBA easing 0.4% and the Big Bank Basket flat. MQG under pressure down 1.8%, PNI slammed as performance fee evaporated, down 3.8%. In corporate news, Potentia were back for NTO, up 3.4% and above the 200c bid price. BTH returned after its ‘successful’ capital raise falling 21.5%. BSL up 0.4% after accused of cartel behaviour. SGR up 0.6% after being fined $100m but QLD casino’s allowed to stay open. BPT threw in the towel in the WGO takeover battle and rose slightly. STX hurt on the news down 8.0%. Nothing on the economic front. 10-year yields lower at 3.29%. Asian markets better HK up 1.7%, China up 0.3% with Japan up 1.2%.

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