ASX 200 jumps 81points to 8556 (1.0%) on peace deal in Iran/ Israel conflict. Oil tumbles, gold slips, CBA rockets. Across the board gains, with the Banks leading the way, CBA up 2.1% and WBC up 2.6% with the Big Bank Basket up to $290.77 (+2.0%). MQG jumped 2.4% with fund managers also in demand, GQG up 6.9%. Industrials firmed, QAN up 2.4% as VGN relisted today up 11.4%, Tech better, WTC up 2.5% and the All–Tech Index up 1.2%. Resources were firm with BHP rallying 2.4% and FMG up 4.8% with the gold sector finding bargain hunters. EVN up 0.8% and GMD rising 2.0%. NEM eased 0.4%. Lithium stocks finding short sellers covering, MIN up 4.8% and LTR rising 5.3%. Oil and gas stocks collapsed, WDS down 2.5% and STO off 1.5% as the bid kept losses in check. KAR dropped 6.5% with the uranium sector flat. Coal too steady as she goes. In corporate news, CKF rose 17.4% on increased sales from young people. GGP debuted up 10.6%, TWE fell 0.9% on a trading update on Penfolds. Nothing on the economic front today.

Asian markets jumped on peace deal, Japan up 1.1%, HK up 1.8% and China up 1.1%.  10-year yields 4.15%.

HIGHLIGHTS

  • Winners: CKF, SLX, BCI, HMC, GQG, PLS, CU6
  • Losers: EOS, WDS, KAR, MAH, CYL, PGC, HGH, VEA
  • Positive Sectors: Banks. Iron ore. Lithium. Tech.
  • Negative Sectors: Oil and gas. Utilities. REITs
  • ASX 200 Hi 8574 Lo 8530.  
  • Big Bank Basket: Higher at $290.77(+2.0%). CBA hits record.
  • All-Tech Index: Up 1.2%
  • Gold: Falls to $5134
  • Bitcoin: Rises to US$105,357
  • 10-year yield falls to 4.15%.
  • AUD: rises to 64.94c.
  • Asian markets: Japan up 1.1%, HK up 2.0% and China up 1.0%.
  • Dow futures up 394, and Nasdaq futures up 291.
  • European markets set to open up 1.5%

MARKET MOVERS

  • CKF +17.4% did someone say KFC?
  • SLX +8.8% uranium bounce.
  • GQG +6.9% about time.
  • ZIP +5.4% good volume.
  • LTR +5.3% even lithium bounces.
  • FND +11.5% Indian IPO brokers and advisers.
  • HUM +11.6% rattling along.
  • KAR -6.5% oil price drop.
  • WDS -6.5% oil price drop.
  • EOS -6.9% overbought
  • SBM -9.4% falling again.
  • A1M -9.1% $55m placement.
  • Speculative Stock of the Day: GBZ +133.3% placement, pay down on debt.

ECONOMIC AND OTHER NEWS

  • Trump negotiates peace accord. NATO meeting this week.
  • “THE CEASEFIRE IS NOW IN EFFECT,” he posted. “PLEASE DO NOT VIOLATE IT!”
  • European markets set for early gains. Oil down 3.4%.
  • Chief Executive Officer Jensen Huang has started selling the chipmaker’s stock, his first transactions under a plan that allows him to offload up to $865 million worth by year’s end.
  • Germany to boost defence spending at faster rate than France or UK.
  • Russia bets on unjammable drones to gain ground in Ukraine.
  • Jeff Bezos’s wedding draws storm of protest in Venice.
  • Novo Nordisk ends Hims & Hers tie-up over copycat Wegovy drugs.

And finally….

Clarence

XXX