Our market up 13 after the 57 point fall yesterday – energy and resources holding things up. Banks in the Doldrums ahead of results.

All three major US indices closed sharply lower overnight as unrest in the Middle East, rising yields and mixed earnings weighed on market sentiment. The Dow Jones finished near worst levels, down 287 points (-0.86%). Dow up 12 points at best.

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ASX 200 falls another 57 points to 6842 (0.8%) as resources weighed on sentiment. The big iron ore miners under pressure, BHP off 2.4% with RIO falling 2.4% and FMG off 2.7%. Lithium stocks well and truly on the nose with PLS sinking another 7.3% as AKE fell 3.0% and MIN down 5.2%. Gold stocks eased too as bullion came off the bo

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Wall Street’s major indexes finished lower overnight after a choppy trading session as the market digested Powell’s comments, and the US 10Y yield approached 5%. The Dow Jones closed 251 points lower (-0.75%). Up 187 points at best. Down 297 points at worst.

ASX 200 managed to cling to 6900 falling 81 (1.2%) points today. Across the board selling as yields and geo-political events take centre stage. ASX 200 down 2.1% for the week. 10-year yields stable at 4.74% with US rates breaching 5.00% briefly. Banks sold off with CBA down 1.0% and NAB down 1.6%.

Our market down 87 and the jobs numbers not helping showing a tight labour market. Bond yields, poor US Results and Middle East tension doing us in.