All Episodes

January 25, 2023 17 min

ASX 200 slips 22 points to 7468 (-0.3%) on higher-than-expected CPI. Turnaround from solid open as CPI came in above expectation at 7.8% highest since 1990. Resources slid a little with BHP off 1.0% and RIO down 0.7% with quarterlies dominating and gold miners sliding lower. SBM collapsed on quarterly down 21.4%, lithium slightly better in places, IGO up 0.3% and MIN falling 2.2% on delays at Mt Marion. Energy stocks slipped, WDS off 1.2% despite record production numbers, STO down 1.6% and WHC off 1,4%. Banks better on higher yields, CBA up 0.7% and NAB better by 0.5%. The Big Bank Basket up to $188.58. MQG better and insurance stocks gaining on yields. QBE up 1.0%. REITs slipped with GMG down 0.7% and SCG off 1.0%. Tech down, WTC unchanged on an acquisition. XRO under pressure down 2.8% and the All-Tech Index down 1.3%. Healthcare down too, CSL off 0.6% and RHC off 1.0%. In corporate news, NWS and Fox will not be merging, ALX down 0.2% on pre-CV19 trends, US lithium company Albemarle lifts lithium demand by nearly 15%. In economic news, CPI up 7.8% in highest jump since 1990. Analysts go back to the drawing board with 40bps suggested by some in Feb. Asian markets still celebrating Lunar New Year although Japan up 0.5%. 10-year yields up to 3.50%. Dow futures down 89 points. NASDAQ futures down 92 points.

Why not sign up for a free trial? Get access to expert insights and research and become a better investor.

Mark as Played

Advertise With Us

Popular Podcasts

Dateline NBC
Crime Junkie

Crime Junkie

If you can never get enough true crime... Congratulations, you’ve found your people.

Stuff You Should Know

Stuff You Should Know

If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks then look no further. Josh and Chuck have you covered.

For You

    Music, radio and podcasts, all free. Listen online or download the iHeart App.


    © 2023 iHeartMedia, Inc.