ASX 200 rose 38 points to 7362 (+0.5) after a slow start and a rethink ahead of the US reporting season. For the week, the ASX 200 is up nearly 2%. Gold miners led the way higher with NCM up 1.9% and NST running 4.4% higher. Lithium stocks also in demand, PLS up 5.0% and AKE bouncing 5.4% with IGO rallying 5.3%. Iron ore stocks flat as we await news of Cyclone Ilsa. Banks better too after BOQ pre-result results this morning with a $200m write-down of good will. The Big Bank Basket up to $173.80 (+0.9%). MQG up 0.7% and insurers firmed too. MFG continue to bleed down another 2.7%. Industrials firm, staples bouncing back, COL up 0.2% and WOW rallying 1.0%. CSL weaker with REITs mixed, GMG down 1.4%.  Interest rate sensitive stocks did ok, QAN up 0.6% and TCL up 0.1% with Tech a little dull.  The All-Tech Index up 0.3%. In corporate news, GMD is set to raise $450m in two tranches to buy SBM’s Leonora gold assets, WES CEO sells around $9m worth of shares and KAR fell 5.4% after delays to bring production back online after maintenance shutdown. BOQ fell 0.9% on a pre-result result and a write down of $200m on a 2007 acquisition.Nothing on the economic front. Asian markets mostly firmer. 10-year yields up to 3.33% Dow futures down 65 points. NASDAQ futures down 20 points.


  • Winners: RED, A4N, TIE, SLR, AKE, IGO, ABB
  • Losers: KAR, TER, WLE, OBL, JIN, TLG, HLS
  • Positive sectors: Gold. Lithium. Banks. Oil and gas.
  • Negative sectors: Coal.
  • High 7364 Low 7314
  • Big Bank Basket Rallies to $173.80 (0.9%)
  • All-Tech index: Up 0.4%
  • Gold Steady at $3011
  • Bitcoin: Pushing higher again to US$30,762
  • Aussie Dollar: Higher at 67.79c
  • 10-Year Yield: yields stronger at 3.3%.
  • Asian markets: Japan up 0.5%, China up 0.6% with HK up 0.3%.
  • US Futures: Dow down 65. Nasdaq down 20
  • European markets opening around 0.3% higher. Hermes results out.


  • RED +8.57% kicking higher on bullion prices.
  • IGO +5.33% deal with Wyloo on battery materials in WA.
  • SLR +5.98% gold fever.
  • A4N +10.16% kicking higher again.
  • DMP +4.53% Ausbiz tip.
  • 4DX +16.34% ‘Penguin’ stock kicks again after Miami deal.
  • XRF +11.63% Quarterly trading report.
  • RCE +23.01% delayed response to Family 4 patent granted.
  • ERA -10.53% becoming irrelevant.
  • CDM -4.95% investment update disappoints.
  • KAR -5.44% production downgrades on maintenance.
  • WLE -4.4% placement and SPP.
  • JIN -4.10% no jackpots here.
  • MP1 -2.71% book squaring.
  • NEU -2.69% profit taking.
  • Speculative Stock of the Day:Nothing on any volume.


  • Bank of Queensland (BOQ) – They have interim results in a week’s time on April 20 but have today pre-announced a $200m goodwill write-down on its 2007 acquisition of Home Building Society and a $60m risk management program which will be reflected in the results. The risk management program comes at the request of regulators who have demanded a “material uplift” in their risk and compliance management. That means the statutory first-half net profit will be $4m instead of $212m last year. They also expect a lower dividend from 22c to 20c.
  • Karoon Energy (KAR) – Have lowered production guidance to the bottom end of the range today due to the extended shutdown of Bauna production due to ongoing maintenance.
  • Nickel Industries (NIC) has announced a US$400m capital raising in the corporate bond market the notes pay a huge coupon of 11.25% and will be listed on the Singapore stock exchange
  • IGO Ltd (IGO) – Given approval by Western Australia’s government for a battery material facility to be located in Kwinana-Rockingham, with a feasibility study expected to be conducted by mid-2024. The company is in discussions with a global battery chemical manufacturer for a partnership in the project.
  • WAM Leaders (WLE) – Announced a share purchase plan worth up to $30m, with an interim franked dividend of 4.5c, offering existing investors the opportunity to buy shares at the lower of $1.4749 or a 2.5% discount to the five-day VWAP at the issue date.
  • Contact Energy (CEN) – Customer business recorded a mass market electricity and gas sales of 296GWh. The Wholesale business recorded a contracted Wholesale electricity sales of 629GWh.
  • Genesis Minerals (GMD) – announced a $450m placement to investors to help pay for SBM, while the two remain in voluntary suspension. The raising was priced at 115c a share, a 4.5% premium to the last traded price and 9.7% higher than the 10-day volume weighted average price.


Causes of Death in Australia

Key statistics

  • The mortality rate remained low in 2021 (507.2 per 100,000 people).
  • Ischaemic heart disease was the leading cause of death.
  • Suicide was the 15th leading cause of death.
  • There were two deaths from Influenza, a record low.
  • The rate for Alcohol-induced deaths was the highest in 10 years.
  • All top five leading causes of death are non-communicable diseases (they are not passed from person to person).
  • There were 1,122 deaths due to COVID-19 registered in 2021.


  • China is expected to achieve around 5% economic growth this year as the property market improves, according to People’s Bank of China Governor Yi Gang.
  • Japan approved plans for its first gambling resort Friday, opening the way for a casino in Osaka to open its doors by the end of the decade. Things do move slowly in Japan.
  • China’s People’s Bank of China’s Governor Yi Gang met with US Federal Reserve Chair Jerome Powell in Washington this week for their first one-on-one talk since 2020. The last conversation took place on March 2nd 2020 and lasted 17 minutes. Just ahead of the emergency pandemic rate cut.
  • Singapore’s central bank on Friday left its monetary policy settings unchanged.


  • European markets are expected to open around 0.3% higher.
  • JP Morgan numbers tonight – Earnings of $3.41 per share, 29.7% higher than a year earlier. Revenue of $36.24bn, 14.7% higher than a year earlier.
  • German Foreign Minister in Beijing for a three-day meeting. Let the fawning begin.
  • Brazilian President in China too. Must be a special on.
  • US arrests a 21-year-old for the most recent Pentagon security leak. Apparently, 3m Americans have access to Top Secret documents. 1% of the population. Does that seem a lot? I think so.
  • Bernard Arnault, the world’s richest person, is solidifying his lead over second-ranked Elon Musk. His fortune is up US$12bn to almost US$210bn. That would buy him 5 Twitters if he was dumb enough to tweet that. Elon Musk is worth around US$180bn. Almost feel for him. Arnault is the man behind LVMH. He owns 48% of the luxury goods supplier.
  • French protesters storm LVMH HQ.
  • Exxon chief’s pay jumps 52% after oil boom.
  • Boeing says deliveries of 737 Max jet will be held up by production issue. Can’t get the parts.

And finally…..