Marcus Today End of Day - Wednesday 1st September

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ASX 200 closes down 8 after a solid recovery and GDP numbers cheered. Up 0.7% above forecasts. Banks better with Big Bank Basket up to $183.43 as leverage to GDP. Healthcare not so rosy led down by CSL off 0.9% and RMD down 1.3%. Industrials were mixed, DMP down 2.7%, WES off 3.3% as it traded ex dividend. EDV down 3.6% and REH slipping 4.4%. Big iron ore miners were easier after commodity falls, BHP down 1.3% and FMG dropping 3.2%. Gold miners lightly better and energy up ahead of OPEC plus. In corporate news, all was relatively quiet after reporting season, KNI rose another 18.8% on a CEO appointment. DDR rose 5.4% after the founder explained his fast car habit. IMU fell 3.6% on three new trials flagged.

On the economic front, the CoreLogic home value index rose by 1.5% in August to be up 18.4% over the year. The change marked the slowest monthly lift since January. PMI data for August eased but still signalled expansion activity in the Manufacturing sector.