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ASX 200 slips 55 points to 8150 (-0.7%) off lows as we head into a crucial weekend. US Jobs data and Middle East the focal points. Banks came off again, The Big Bank Basket fell to $228.95 (-1.5%). MQG off 0.7% with WBC off 1.9% and Insurers holding firm, REITs mixed, GMG off 1.9% with VCX up 0.9%. Industrials were mixed too, WES down 0.5%, ALL off 0.1% and TLS slipping 0.5%. Tech eased, WTC off 3.0% as Richard White became a dad again, XRO down 0.5% and the All–Tech Index off 0.7%. Retail eased, FLT off 1.7% and LOV down 2.3% with DMP up 2.2%. Resources took a serious breather, BHP off 1.7% with RIO down 1.9% and FMG falling 1.1%, gold miners better, GMD up 1.0% and DEG up 1.5% with VAU rising 1.6%. Lithium stocks finding sellers again, PLS down 3.2% with LTR off 3.9%. Oil and gas stocks rose as expected, WDS up 2.2% and KAR up 2.2%. In corporate news was pretty scarce, LNW jumped 8.5% after the company announced plans to develop a new version of its Dragon train game. Nothing noteworthy the economic front. Asian markets better, HK up 1.5%, Japan up 0.4% with China still on Golden Week. 10Y yields rise to 4.05%. Dow Futures down 23 points. NASDAQ Futures up 12 points. 

HIGHLIGHTS

  • Winners: MSB, STX, LNW, QAL, PNR, PDI, PWH
  • Losers: CU6, PYC, DRO, BMN, GQG, LRS, MYR
  • Positive sectors: Gold miners. Oil and Gas.
  • Negative sectors: Banks. Iron ore. REITs. Tech.
  • ASX 200 Hi 8186 Lo 8102 ASX 200 down 0.8% for the week.
  • Big Bank Basket: Down at $228.95(-1.5%)
  • All-Tech Index: Down 0.2%
  • Gold: runs higher to $3,897
  • Bitcoin: Steady at US$61619
  • 10-year yields rise to 4.07%
  • AUD: Lower at 68.43c
  • Asian markets: HK up 2.1%, Japan up 0.3% with China still on Golden Week.

MAJOR MOVERS

  • LNW +7.8% Dragons Tail back in focus.
  • MSB +10.4% keeps on moving higher.
  • LTM +2.7% broker research.
  • OPT +3.0% becoming a substantial shareholder.
  • XAM +8.2% recent positive announcements.
  • EOS +5.1% war helps.
  • LTR -3.9% follows PLS down.
  • DRO -5.7% slipping as war focus on missiles.
  • GQG -4.8% misses some of China rally.
  • 4DX -8.6% profit taking.
  • Speculative Stock of the Day: Nothing on any volume.

COMPANIES 

ECONOMIC AND OTHER NEWS

  • US NFP in sight. 150k new jobs expected up from 142,000 in August. The unemployment rate is expected to hold steady at 4.2%.
  • Mark Zuckerberg back at No 2 on the Global rich list.
  • EU to vote on Chinese EV tariffs. 15 member states would need to vote against the proposal. Germany to vote against the plan.
  • Chinese stocks in Hong Kong are back to rallying after a one-day dip.
  • Oil prices could shoot up $20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, said Goldman Sachs.
  • The International Longshoremen’s Association and the United States Maritime Alliance have agreed to a tentative deal on wages. ILU wages will increase 61.5% over six years under the tentative agreement.

And finally….

Clarence

XXX