The ASX 200 is down 15 points (0.2%), Resources are outperforming, but the market is weighed down by Financials, Healthcare, and Tech. The Big Bank Basket is down 0.6% to $182.19. Gold stocks are the best performer. Lithium stocks are a bit mixed but mostly lower after the big sell-off last week. Energy is mixed, Coal stocks mostly higher (Citi upgraded yesterday), and oil stocks are mostly lower. The All-tech Index getting whacked down 0.5%. Defensives are down, Healthcare taking a hit, REITs are also lower. Warrego Energy (WGO) continues to climb higher, up 10% as Strike Energy (STX) places an increased scrip bid. The Star Entertainment Group (SGR) plummeting 11.6% as the NSW considers increased taxes on the gaming industry. Dow Futures are up 21 points and NASDAQ Futures up 19 points.
Anyone who has been in broking will tell you that the Morning Meeting is how all brokers start the day. The format is to have a quick look at the overnight markets, consider what's coming up in the day ahead, hear from the analysts, share ideas and get set up for the day's stock market activity.
