The ASX 200 fell 7 points to 8786 for the fourth straight day. It fought back from earlier losses, as banks steadied and traders squared up before another crucial weekend. The Big Bank Basket back up to $289.81 (+0.3%). Other financials saw some buyers return, SUN up 4.5% as it reaffirmed guidance, MQG jumped 0.7% and MPL also fighting back, up 1.8%. REITs were mixed, GMG fell 0.6% with healthcare finding some buyers to square up after a torrid week. CSL rose 0.8% and COH turned around early losses to close up 2.5%. Still a week to forget. Tech mixed, XRO up 0.3% and REA down 1.5%. Utilities firmed, ORG up 2.6% and APA doing well. Retail fell, APE off 2.5% and TPW falling 3.3%.

Resources were patchy. BHP flat, RIO dropped 0.2% and FMG disappointed falling 5.7% on quarterly. Gold miners too under pressure as oil trundles higher. EVN down 2.2% and NST off 3.5%. Oil and gas stocks pushed ahead, WDS up 2.6% and STO up 1.0%. Uranium stocks saw profit-taking. PDN down 2.6% and BMN falling back a little.

In corporate news, plenty of quarterlies, IGO smacked 17.9% on disappointment on spodumene production at Greenbushes. NXL jumped 15.0% on a court ruling with ASIC’s case dismissed, PLS up 1.6% after a good quarterly number. VUL jumped 3.1% after construction kicked off at Lionheart.

Nothing on the economic front. Oil up for five days in a row. 10-year yields ease to 4.98%

Asian markets mixed, Japan up 0.1%, China down 0.2% and HK up 0.2%. Oil up 1.3% in Asian trade

US Futures ease, Nasdaq up 157 (Intel), Dow down 67. Europe is opening down again, off around 2% this week. Similar to ASX 200, down 1.8% this week.

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US stocks pulled back on Thursday, led by a drop in software and higher oil prices, as investor uncertainty toward the trajectory of the Iran war hovered over the market.

The S&P 500 traded down 0.41% to close at 7,108.40, after earlier hitting a new all-time intraday high. The tech-heavy Nasdaq Composite declined 0.89% to finish at 24,438.50. It had also scored a new all-time high in the session. The Dow Jones Industrial Average lost 179.71 points, or 0.36%, to finish at 49,310.32.

Shares of IBM and ServiceNow tumbled more than 8% and almost 18%, respectively, after the companies posted their latest quarterly results. While IBM beat on the top and bottom lines, the company maintained its full-year guidance, disappointing investors. For ServiceNow, the company’s subscription revenue growth was hindered by the Middle East conflict.

SPI down 4 – Gold down – Oil up – PLS FMG Quarterlies.

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The ASX 200 fell 50 pts to 8793 (0.6%) again today, with most sectors heading lower. Banks were weak again as the Big Bank Basket fell to $288.80 (-0.8%). WBC dropped 0.7% and NAB off 0.2%. Financials generally were weak across the spectrum, insurers fell, QBE down 0.8%, MQG falling 0.6% off its recent highs. ZIP managed to hold fast, GQG fell 3.0% as tech continues higher. REITS slid, GMG down 1.1% and CHC off 2.5%. Retail fell too, JBH off 1.2% and KGN falling 2.2%. WES continued lower again. In the healthcare space, CSL steadied but COH ditched again, off 4.6% with RMD finding some buyers. PME also good, up 0.8%. Tech stocks eased again, WTC down 3.1% and REA off 1.4% with the All-Tech Index down 0.3%.

Resources tried to hold the line, oil and gas stocks were better, WDS up 3.2% and STO rising 3.7%. Uranium stocks doing ok, BMN screaming ahead, up 11.5% and NXG also doing well. Coal stocks flat.

In corporate news, TPW founder stepped back, it fell 8.2% LNW hit with a fresh lawsuit. The mistitled ‘Future Fund’ announced a new CIO. Plenty of quarterlies dropping, SFR production declined with the stock down 3.6% and MGR reported weakening residential demand.

Nothing on the economic front locally. 10-year yields back up to 5.0% Asian markets flopped lower, Japan down 0.9%, China off 0.8% and HK down 1.1%. Oil up 1.3% in Asian trade

US Futures ease, Nasdaq down 128, Dow down 322. Europe is opening down.

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