Tags

, , , ,

What a difference a speech makes, the ASX 200 fell 92 to 8580 (1.1%), after the Trump address back. We won’t get fooled again!  Oil rose, US futures fell hard and it is all becoming a bit predictable. For the short week, we are up from 8516 or 64 points. Resources bore the brunt of the sell down with gains evaporating as BHP fell 2.5%, RIO down 3.3% and the gold sector sold down after early gains, EVN off 4.6% and NST down 0.9% despite a $500m buyback announced. Lithium stocks eased back, PLS down 4.0% and MIN down 6.6%. WDS recovered from a 5% plus fall to close down just 0.5% with STO firming 1.4%. Coal stocks failed to fire. Uranium eased too.

It was ‘Back to the Future’ for industrials with banks and defensives firming, CBA up 0.5% and the Big Bank Basket up to $291.08 (0.1%). MQG fell 1.4% and dragged the financials lower. Elsewhere TLS, and the Supermarkets rose, tech stumbled lower again, WTC off 4.3% And XRO heading that way. Healthcare resumed the sell down, CSL bled another 2.3% lower, RMD dropped 1.6% and SIG down 2.6%.

In corporate news, KMD resumed trading and dropped a whopping 25.8% as it raised emergency funds. ASX fell 1.1% after ASIC findings.

On the economic front, total job vacancies were 337,900, an increase of 2.7% from November 2025.

Asian market sneezed at the address, Japan down 2.2% HK down 1.1% and China down 0.7%6%,

10 -year yields jump to 5.02% on escalation.

US futures: Dow down 500 Nasdaq down 400.

HIGHLIGHTS

  • Winners: KAR, ELS, AAI, EBO, EQR
  • Losers: HMC, HUB, CRN, RPL, DGT, MP1, SLX
  • Positive Sectors: Telcos. Supermarkets. Banks. Oil and gas.
  • Negative Sectors: Resources. Tech. Healthcare. Retail.
  • ASX 200 Hi 8723 Lo 8568. Derailed. Up 64pts for the week.
  • Big Bank Basket: Rose to $291.08 (+0.1%)
  • All-Tech Index: Down 3.5%
  • Gold: Slides to $6777
  • Bitcoin: Rallies to $66284
  • 10-year yields: Rallies to 5%
  • AUD: Falls to 68.76c.
  • Dow down 500 Nasdaq down 300.

MARKET MOVERS

  • KAR +6.5% heads higher on oil rebound.
  • ELS +5.0% drone exposure.
  • AAI +4.0% Aluminium pricing.
  • EQR +3.3% change in substantial interest.
  • GDG -11.2% smacked down.
  • GNG -8.3% low volume sell-off.
  • CHN -8.9% weaker metal prices.
  • PEN -14.2% Lanced on uranium pullback.
  • OMA -9.1% profit taking.
  • Speculative Stock of the Day: KGL +26.2% US$300m agreement for Ag and Au streaming with Wheaton.

ECONOMIC AND OTHER NEWS

  • The seasonally adjusted balance on goods increased $3,428m in February.
  • Australian total job vacancies were 337,900, an increase of 2.7% from November 2025.
  • Retail investors jumped on mining, energy, and defence stocks in March amid the Iran war, which sent the S&P/ASX 200 down 7.6% for the month, as well as piling into the beaten-up blood plasma giant CSL.
  • Australian government to place new restrictions on advertising linked to gambling.
  • Trump’s address kills the rally and the mood. Oil soars past $100. Next stop $120?
  • A CNN poll released this week put Trump’s approval rating at 35% and support for his handling of the economy at 31%.
  • US Treasury calls in regulators for talks on private credit risks.
  • NASA’s first crewed mission to the Moon in more than 50 years blasts off.
  • Amazon in talks to buy $9bn satellite group Globalstar in bid to rival Musk’s Starlink.

Have a great Easter.

Last night, I dreamt that petrol had drastically gone down in price and everyone was happy.

But it was just an April fuel.

Clarence

XXXX