End of Day Report – Friday 4 October: ASX 200 down 0.8% for the week | NFP tonight

Market Updates

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, pretty scarce, nothing on the economic front either. Asian markets better, HK up 2.1%, Japan up 0.3% with China still on Golden Week. 10-year yields rise to 4.07%.
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