Friday 10th April – ASX 200 down 13 – Up 4.4% for the week – Waiting for Islamabad -US Futures ease – CPI tonight.

10 Friday Apr 2026

Posted by in Daily Reports

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The ASX 200 finished a very strong week down 13 points to 8961 as we await further Iranian negotiations. For the week, we were up over 4.4%, the best week since October 2022. Banks were steady despite some issues with mortgages on the AFR front page, the Big Bank Basket $310.35 (%). Other financials were mixed, ZIP up 2.1% and GQG up 0.9%. NWL rose 2.3% with ASX also better. REITs better, GMG up 0.5% and SGP rising 1.2%. Industrials and healthcare fell, CSL down another 0.7% with RMD off again and WOW falling 0.9%. TCL fell 1.9% on traffic numbers. Tech smashed again, WTC down 2.6% and XRO off 2.7%. The All-Tech Index down 0.8%. Resources were a little mixed, BHP fell 1.1% on iron ore negotiations perhaps, FMG off 1.3% as it unveiled more green and renewable plans for the Pilbara. Gold miners drifted a little lower, EVN off 2.7% and NEM falling 0.6%. Lithium stocks better, LTR up 2.4% and PLS rising another 1.1%. Oil and gas stocks fell again, WDS off 0.2% and STO falling 0.6%. Coal under pressure and uranium slightly firmer, PDN up 2.0%.

In corporate news, TLX rose 7.3% on some good news from the FDA, MFG flat after shareholders vote for the merger, AMP rose 4.2% as new CEO laid out his plan.

On the economic front, nothing locally but Chinese PPI rose.

Asian markets soar, Japan up 1.9%, HK up 0.7% and China up 1.8%. 10-year yields rise to 4.96%.

US Futures jump Nasdaq up 4, Dow down 67. Europe opening modestly better.

HIGHLIGHTS

  • Winners: TVN, 4DX, TLX, SKS, AYA, MI6, BC8
  • Losers: ARU, ORA, FCL, ELS, CRN, SGR, SUL
  • Positive Sectors: REITs. Lithium.
  • Negative Sectors: Tech. Oil and gas. Iron ore.
  • ASX 200 Hi 8961 Lo 8905. A very strong week.
  • Big Bank Basket: Rises to $310.35 (2.4%)
  • All-Tech Index: Falls 0.8%
  • Gold: Falls to $6734
  • Bitcoin: rallies to US$72157
  • 10-year yields: Falling to 4.96%
  • AUD: Steady at 70.64c.

MARKET MOVERS

  • TVN +13.2% high grade gold and copper in Timor-Leste.
  • 4DX +8.1% keeps on trucking.
  • TLX +7.3% positive FDA news.
  • SKS +6.5% data play.
  • AYA +6.0% kicking again.
  • EXR +14.8% commences feasibility study.
  • PEN +7.7% LW article.
  • ARU -9.5% gives back recent gains.
  • ORA -8.3% brokers stick in the boot.
  • ELS -4.5% cleansing notice.
  • SGQ -3.7% injured by the dragon.
  • BTL -14.5% capital raise.
  • KAU -11.5% production and cash balance update.
  • Yesterday’s Hero: RML -2.8%
  • Speculative Stock of the Day: PAT +39.0%. Update last night.

ECONOMIC AND OTHER NEWS

  • All eyes on Pakistan as negotiations begin this weekend.
  • Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that Anthropic PBC’s latest artificial intelligence model will usher in an era of greater cyber risk.
  • Chinese producer prices rose 0.5% in March from a year earlier, while consumer inflation cooled to 1%, down from 1.3% in February.
  • But consumer inflation cooled more than expected to 1%, down from 1.3% in February, as a seasonal boost from holiday spending petered out. The core consumer price index, which excludes volatile items such as food and energy, slipped to 1.1%.
  • North Sea oil prices hit record high as Iran keeps hold over Hormuz
  • Canada pushes to join UK-Italy-Japan advanced fighter jet project
  • Trump officials deny threatening Vatican over Pope Leo’s criticisms.
  • The European Commission has issued more than $7 billion in fines to U.S. Big Tech companies over the past two years. It is an increasing bone of contention, as both companies and the White House say the fines reflect the EU’s hostility to innovation.

And finally….

Clarence

XXXX

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