Tuesday 14th April – ASX 200 jumps 50 – BHP goes well – WBC and QAN talk negativity – US Futures flat

14 Tuesday Apr 2026

Posted by in Daily Reports

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The ASX 200 jumped 45 points to finish at 8971 (0.5%). Despite banks under pressure, the index made good solid gains. The Big Bank Basket fell to $308.15 (0.5%) with WBC down 2.6% on an outlook statement for HY results. ANZ fell 1.0% with other financials doing better, MQG up 3.7% on a broker upgrade, NWL rising 2.7% and XYZ up 5.5%. Insurers were better with QBE gaining %. REITs saw buyers emerge, GMG up 1.6% and SCG rallying 1.4%. Tech was a winner today, WTC up 3.8% and XRO up 3.9% a day after MS downgraded, the All -Tech Index up 2.1%. Retail drifted lower, healthcare better but muted.

Resources were mixed, BHP soared 3.2% on copper exposure, RIO and FMG bumped higher and lithium stocks slightly better. Gold miners recovered but only modest gains, GGP up 1.3% and WAF up 1.8%. SFR also doing well on copper exposure, up 3.3%. Oil and gas stocks slipped, WDS down 0.6% and uranium stocks soared as long term prices increased, PDN up 6.3% and LOT up 9.7%.

In corporate news, CU6 signed a commercial manufacturing agreement with Nucleus RadioPharma, UNI fell 1.5% after its CEO announced retirement plans. QAN also landing softly after warning on higher jet fuel costs. In economic news, Consumer confidence was heading lower according to Melbourne Institute.

Asian markets soar, Japan up 2.4%, HK up 0.1% and China up 0.3%. 10-year yields fall to 4.94%.

US Futures flat, Nasdaq up 35, Dow down 5. Europe is opening higher.

HIGHLIGHTS

  • Winners: IPX, DYL, BMN, BOE, EOS, A4N
  • Losers: OBL, 4DX, CU6, DUR, 29M, GQG
  • Positive Sectors: Uranium. Iron ore. Copper. REITs. Tech.
  • Negative Sectors: Banks. Oil and gas. Defensives.
  • ASX 200 Hi 9021Lo 8953.
  • Big Bank Basket: Falls to $308.15 (0.5%)
  • All-Tech Index: Rallies 2.1%
  • Gold: Steady at $6726
  • Bitcoin: Rallies to US$74313
  • 10-year yields: fell to 4.94%
  • AUD: Rising to 70.84c.

MARKET MOVERS

  • DYL +9.0% BMN +8.9% uranium back in fashion.
  • AYA +5.8% bounces back.
  • EOS +7.6% IPX +10.3% defence spending bump.
  • DXB +15.2% promising.
  • POL +18.2% March quarterly report.
  • 4DX -7.1% profit taking.
  • CU6 -7.0% solid volume.
  • 29M -5.1% slipping lower.
  • GQG -4.0% FUM fallout.
  • A2M -3.1% souring again on broker downgrades.
  • AGI -5.5% second supplementary bidder’s statement.
  • Yesterday’s Hero: IVZ +1.5%
  • Speculative Stock of the Day: BSX +63% Mankayan Gold Project Update.

ECONOMIC AND OTHER NEWS

  • Consumer confidence was heading lower. Westpac–Melbourne Institute Consumer Sentiment fell sharply in April, dropping 12.5% to 80.1 from 91.6 in March, in the biggest monthly decline since the onset of COVID-19. Mind you, the ANZ- Roy Morgan poll is more optimistic.
  • RBA Deputy Governor Andrew Hauser has warned in a panel discussion in NY,  that Australia faces a high inflation, low growth ‘nightmare’.
  • China’s export growth slowed sharply in March, with exports rising just 2.5% from a year earlier.
  • Imports surged at the fastest pace since late 2021, rising almost 28%, and leaving a trade surplus of $51Bn.
  • Exports rose just 2.5% from a year earlier. Imports surged at the fastest pace since late 2021 and rose almost 28%, leaving a trade surplus of $51Bn — the smallest in more than a year. Shipments to the US fell 26%.
  • Chinese crude oil and natural gas imports fell in March. Imports over the year so far rose 8.9% as China continued to stockpile oil despite weakness in the economy.
  • Iron ore purchases rose 11% after fewer weather-related shipping disruptions in top exporter Australia, while copper metal imports fell 11% and copper ore rose 10%. Rare earth exports fell 27% as domestic supply tightened.
  • European stocks are expected to open higher on Tuesday. The U.K.’s FTSE 100 index is seen opening a touch higher, with Germany’s DAX up 0.6%, France’s CAC 40 up 0.2% and Italy’s FTSE MIB adding 0.45%.
  • U.S. Vice President JD Vance said Monday that U.S.-Iran peace efforts now depend on Tehran, after returning from weekend talks that failed to produce a breakthrough.
  • OpenAI investors question $852bn valuation as strategy shifts.
  • Starmer accused of ‘corrosive complacency’ on UK defence by former Nato chief.
  • Carney’s Liberals secure majority in Canadian parliament.

And finally….

Lasagna is just spaghetti flavored cake.

They say birds of a feather flock together, but do you know which birds really stick together? Velcrows!

Clarence

XXX

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