Marcus Today Market Updates

Marcus Today

A twice daily podcast from the team at Marcus Today, the stock market newsletter for investors, bringing you up to speed with the latest stock market, financial and business news. Published just before market open and after market close (AEDT) from Monday to Friday.
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Breakfast Briefing – Wed 19 Jan
Breakfast Briefing – Wed 19 JanEnd of Day – Wed 19 Jan
The ASX fell 76 points to close at 7333 (1.0%) after trying valiantly to rally at lunch, giving up the ghost as the US futures markets turned south. Banks weighed heavily with CBA down 1.5% NAB off 1.2% and MQG falling 3.7% in sympathy with Goldman Sachs. The Big Bank Basket fell to $178.20. Insurers were relatively unchanged despite 10-year yields hitting 2%. Fund managers also on the nose with MFG down 0.9%, PNI down 4.1% and ASX off 2.1%. Healthcare in casualty as CSL fell below the SPP price down 1.2%, RHC down 1.8%, RMD off 4.4% and FPH down 3.1%. Industrials also falling although less aggressively. WES fell 1.0%, TLS down 1.6%, TCL off 1.5% and RWC down 4.0%. Tech falling again as Nasdaq fell hard, APT down 2.2%, XRO down 2.4% and the All-Tech Index off 1.7%. MP1 was a casualty today of a business update crashing 16.2%. Miners staggered as lithium ran out of puff, PLS down 3.9%, AKE down 6.9% on a broker, iron ore miners were off with FMG falling 1.5% and BHP hanging in ahead of the crucial vote. Energy stocks rallying hard as the oil price continues to hold firm. STO up 1.8% and WPL up 0.9%. In corporate news, BRN announced a US patent rising 14.5%, HUB up 2.1% on a FUM update. In economic news, the Westpac-Melbourne Institute Index of Consumer Sentiment fell by 2.0% to 102.2 in January from 104.3 in December. Asian markets weaker with Japan down 2.4%, HK managed to stay flat and China off 0.6%.Why not sign up for a free trial? Get access to expert insights and independent research and become a better investor.
14 mins
End of Day Report – Tue 18 Jan
The ASX fell 9 points to 7409 (0.1%) in cautious trade, flip flopping around from positive to negative as banks fell in the PM session. The Big Bank Basket fell to $180.36 (0.2%) with CBA leading the falls as a broker downgrade, the stock off 0.4% with NAB also down 0.1%. MQG joined in the slight sell off falling 0.4% and insurers also slid, MPL down 2.3% and IAG down 1.6%. Healthcare too under a little pressure as CSL slipped 1.6% towards the SPP price, COH down 1.6% and FPH off 1.3%. Industrials mixed, WES down 0.4%, ALL down 1.1% and TLS better by 0.2% with REITs unchanged. Tech was slightly better despite APT falling 0.7%. The All-Tech Index up 0.6%. In the miners, BHP rose 1.2% ahead of the crucial vote, whilst energy and base metal stock went sideways. Lithium remained in demand following a quarterly report from AKE and RIO had their quarterly today. In other corporate news, JBH showed its category killing power with a decent trading update moving 6.9% higher and DTL also doing well up 14.5% on a strong 1HFY22. The RBL burst today after a nasty business update with margins under pressure and sales of masks down, the stock tumbled 22.4% and IKE rallied 17.7% on its trading update although as usual volume was light. On the economic front, consumer confidence not unexpectedly fell hard on omicron woes in early January and international arrivals and departures rose to levels not seen since March 2020. In Asia, Japan down 0.1%, Hong Kong down 0.1% and China up 1.1%. 10-year yields at 1.95%.Why not sign up for a free trial? Get access to expert insights and independent research and become a better investor.
13 mins
Breakfast Briefing – Tue 18 JanEnd of Day Report – Mon 17 JanBreakfast Briefing – Mon 17 JanEnd of Day Report  – Fri 14 JanBreakfast Briefing – Fri 14 JanEnd of Day Report – Thu 13 Jan
6d ago
12 mins
Breakfast Briefing - Thu 13 JanEnd of Day Report - Wed 12 JanBreakfast Briefing - Wed 12 JanEnd of Day Report - Tue 11 Jan
Jan 11 2022
13 mins
Breakfast Briefing - Tue 11 JanEnd of Day Report - Mon 10 JanBreakfast Briefing - Mon 10 JanEnd of Day Report - Thu 23 Dec
The ASX 200 pushes 23 points higher to 7388 (0.3%) in thin listless trade as Xmas approaches. Banks led the market higher as the Big Bank Basket rose to $177.40 (0.44%) with CBA up 0.3% and NAB gaining 0.6%. MQG rose 0.6% and insurers also did well as bonds rose slightly. MFG saw a 5.2% rise after CIO goes on the charm offensive. Healthcare also doing well as CV19 cases soar in NSW and testing increases. CSL up 0.4%, SHL doing very well and RMD up 0.8%. Industrials were firm with WES up 0.5%, REH up 1.5% and TCL rising 0.6%. REITs firmed on defensive moves. Tech came under a little pressure as APT fell 2.4% and WTC dropped 2.6% on a sell down by the founder. The All-Tech Index fell 0.4%. Iron ore miners are a little out of favour as prices fell, BHP down 0.3% and FMG off 1.4%. Lithium stocks were again in demand as mergers overseas and broker upgrades helping sentiment. SYR knocked the ball out of the park with a 23.0% rise after an offtake agreement with Tesla and LYC firmed 1.8% on Chinese merger moves. Gold miners also in demand as bullion rose on a lower USD. NCM up 1.0% and NST gaining 0.2%. In corporate news, BET rose 7.0% after a deal for a partnership in Nevada. MFG released a video update from the CIO and BGA dropped 10.3% on supply chain issues in an update. Nothing on the economic front. NSW moves on masks and QR codes and some restrictions.MT Christmas Advent Sale! This works like an advent calendar – we’ll be revealing a new sale offer for you every other day until Christmas and you have two days to redeem each offer. Once it’s gone, it’s gone forever!Find out what is on offer today.
Dec 23 2021
12 mins
Breakfast Briefing - Thu 23 DecEnd of Day Report - Wed 22 Dec
Dec 22 2021
12 mins
Breakfast Briefing Wed 22 Dec