Marcus Today End of Day Podcast – Thursday 6th April

ASX 200 gives back 18 points to finish at 7219 (-0.3%) down as lacklustre trade ahead of NFP and Easter took hold. US futures easing slightly, not helping sentiment. Profit taking across the board with healthcare and CSL a pocket of strength. CSL up 2.2% and RMD up 0.9%. Resources under pressure still as lithium remains depressed, PLS slipping again, down 3.2% and AKE off 3.5%, LTR falling back 2.6% slightly after Albemarle downgraded by BoA. Iron ore stocks remain under pressure, BHP off 0.4% and RIO down 0.3% with base metals easier and rare earths down, LYC off 2.4%. Gold miners steady and finding some limited support as AUD bullion remains above $3000. Energy stocks ease, oil prices down, WDS off 1.0% and coal not such a merry old soul. WHC off 0.9% and NHC down 2.2%. REITs slipped despite 10-year yields falling again, Banks drifted lower with the Big Bank Basket down slightly to $171.895. and MQG down 0.7%. MFG took another leg down 3.7% off with ASX 3.2% better on higher futures volumes and a broker report. Industrials drifted off, ALL down 2.4% and FLT down 2.6% with TLS still holding up and tech slip sliding away. XRO off 2.6% and WTC down 2.3%. On the corporate front, not much to get excited about today. In economic news, we had some trade data showing imports falling and the RBA stability report, warning of risks ahead. In Asian trade, Japan down 1.3%, China back from Tomb Sweeping and down 0.4% with HK down 0.3% Dow futures down 38 points. NASDAQ futures down 52 points.

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