Marcus Today End of Day Podcast – Wednesday 7th February

ASX 200 slips from highs to end up 34 points at 7616 (+0.5%). Banks pretty much unchanged with CBA up 0.2% and NAB losing 0.2% on a change of CEO. MQG rallied 0.7% with insurers doing well again, QBE up 1.8% and GQG having a good day up 7.4%. FUM numbers helped. REITS recovered GMG up 0.3% and SGP rallying 1.1%. Industrials mixed, CSL up 1.0% and RMD down 0.4% with TLS and WES hit hard today. WES off 0.9%. COL and WOW up and down, Retail stocks boosted again by NCK on broker talk, up 5.9% and CTT shooting the lights out on bullish numbers, up 25.2%. SUL slid 1.1% and MYR off 2.0% after the run yesterday. TPW feeling the love on CTT run, HVN also hitting 52-week highs up 2.3%. Tech slightly better with the Index up 0.5%. Resources back baby. For now. Chinese stimulus helping things although momentum running out in Asia. BHP up 1.0%, FMG bouncing 1.0% with lithium finding a bottom perhaps. Chinese authorities talking about support for the NEV sector. PLS up 5.6% and MIN up 2.9%. PMT had a good day on drill results, up 13.6%, and LYC is rallying 3.4% on rare earth news from China. Oil and gas stocks news dominated by WDS/STO calling off talks. STO the loser down 5.8%. In corporate news, AMC up 1.4% despite results miss, CSR cut to a sell-down 4.5%, NAB saw its CEO retire, and his replacement named Andrew Irvine. In economic news, little locally, Asian market well off stimulus highs, Japan up 0.3%, China up 0.7%, HK down slightly. 10Y yields steady. Dow Futures up 4 points. NASDAQ Futures down 5 points. 

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