Tuesday 7th April – ASX 200 jumps 149 – All systems go! Deadline approaches.

07 Tuesday Apr 2026

Posted by in Daily Reports

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The ASX 200 jumped out of the blocks, but was well off highs of 8804, closing up 149 points at 8729 (1.7%). A serious bout of optimism as the Trump deadline approaches. Banks firmed with the Big Bank Basket up to $297.88 (%). CBA up 2.4% and MQG charging 3.2% ahead. Other financials were mixed, HUB up 3.3% and ZIP gaining 6.0%. REITs mixed too, GMG up 0.7% with industrials firming, WES up 1.3% and ALL rising 1.3% with tech doing better, WTC up 3.4% and XRO rallying 1.7%. Healthcare mixed, CSL up 1.0% and retail flat. GYG had a good day as shorts covered on a trading update, TLS fell 0.4% and supermarkets mixed. In resources, BHP, RIO and FMG all did well, the big Australian leading the charge, up 3.3%. Gold miners pushed ahead, NST up 2/0% and GGP rising 4.0%. Rare earths did better, LYC up 4.6% and lithium stocks also pushing ahead. Uranium stocks mixed, LOT fell 2.2% on production issues and PDN squeezed 0.8% higher. Oil and gas stocks generally better, WDS up 2.5%.

In corporate news, CSL said most of its products would be exempt from the 100% tariffs, RCE appointed Tim Ford to the board.

On the economic front, household spending rose 0.3% month-on-month on a current price, seasonally adjusted basis.

Asian markets steadied, Japan up 0.2, HK down 0.7% and China unchanged.

10-year yields 4.98%.

US Futures ease, Nasdaq down 133, Dow down 114. Europe opening slightly better.

HIGHLIGHTS

  • Winners: GYG, NXT, NUF, CXO, EQR, ELS, BOQ.
  • Losers: HMC, PWH, PFP, RDX, SRL, LIC
  • Positive Sectors: Banks. Tech. Resources.
  • Negative Sectors: Not much.
  • ASX 200 Hi 8804 Lo 8689.
  • Big Bank Basket: Rises to $297.88
  • All-Tech Index: Up 2.9%
  • Gold: Rises to $6713
  • Bitcoin: Steady at $68624
  • 10-year yields: Steady at 4.98%
  • AUD: Steady at 69.13c

MARKET MOVERS

  • GYG +18.6% good trading update – Shorts caught out.
  • NXT +11.9% bond issuance.
  • CXO +9.8% Grants open pit mining to commence.
  • DMP +6.8% change in substantial holding.
  • 6KA +13.4% breaks ground on major facility expansion.
  • MSB -6.8% Ryoncil net revenue.
  • DGT -1.7% withdraws LAX1 application.
  • ATX -37.5% drug trial issues.
  • PEN -8.7% partial conversion of loan facility.
  • ETM -7.4% Key Spanish foreign direct investment approvals.
  • Speculative Stock of the Day: CXU +34.9% inclusion in uranium ETF.

ECONOMIC AND OTHER NEWS

  • Australian Household Spending – Rose 0.3% month-on-month on a current price, seasonally adjusted basis. Rose 4.6% compared with February 2025.
  • Japanese Prime Minister Sanae Takaichi said she was continuing to seek talks with Iranian President Masoud Pezeshkian, and a call with US President Donald Trump.
  • Samsung shares rise after profit seen jumping 8-fold on AI chip boom. Samsung projected its operating profit for the January-March quarter to reach 57.2 trillion won ($37.8 billion), up more than eightfold from just 6.69 trillion won a year ago.
  • Artemis II astronauts head back to Earth after record-breaking Moon trip.
  • Sales of used EVs surge in US as petrol prices pass $4 a gallon.
  • VanEck Asia Pacific chief executive Arian Neiron warned that global markets are entering a “Jenga-like” phase, with growth uneven, inflation sticky, and investor conviction low.
  • Bitcoin climbed above $US70,000 on Monday for the first time since March, as traders rushed to pull back bearish positions.

And finally….

Clarence

XXXX

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