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This week we talk about AI agents, cyberattacks, and insurance claims.We also discuss OpenAI, Hugging Face, and policy language.Recommended Book: The Stars My Destination by Alfred BesterTranscriptTwo broad categories of cyberattack have become especially visible this year, and only one of them requires a human attacker in the loop to choose the target.In March, hackers linked by the US government to Iranian intelligence broke into the medical-device manufacturer Stryker and remotely wiped tens of thousands of employee devices. The attack disrupted the company for days, affected its first-quarter earnings, and represented a shift from somewhat more subtle espionage toward more overt and deliberate destruction.Elsewhere, the market-research company Klue sat at the center of a breach affecting close to 200 customers. Attackers used an old credential to gain access to keys for customers' cloud services.These incidents had people with recognizable motives behind them, and that sort of hack has become increasingly rare over the past decade or so: Black Kite counted 7,551 publicly disclosed ransomware victims over its latest twelve-month reporting period, alone, about 25 percent more than the year before.Then, over the course of about five weeks this summer, OpenAI, Anthropic, and Meta each disclosed incidents in which their AI models gained access to real computer systems they were not supposed to touch.The incidents were not identical, and describing all of them as escapes wouldn't capture the important nuance of the situation.Anthropic and Meta said their models reached the internet because a third-party evaluation environment had been misconfigured. The models had been told they were operating inside a simulation, and their internal dialogues indicate they interpreted the real systems they encountered when they left that environment as simulated components of that exercise.OpenAI's incident, however, was a bit different.Its models were being tested using ExploitGym, a benchmark intended to measure their ability to find and exploit software vulnerabilities. Internet access was supposed to be blocked, but the models discovered and exploited vulnerabilities in a package-registry service inside OpenAI's research infrastructure, found a route to the open internet, and, as I related in a previous episode, eventually compromised the production systems of the AI platform Hugging Face.Since that episode, OpenAI has release a more complete postmortem, which they published in August, and which says the activity was primarily driven by an internal research model comparable in scale to GPT-5.6 Sol, though Sol participated in parts of the incident.The agents created an improvised message board inside the package manager, exchanged discoveries, divided up work, and sometimes described themselves as a swarm.At Hugging Face they executed code on dozens of servers, obtained broad access to several clusters, and exposed credentials associated with databases, cloud services, code repositories, and internal communications.Hugging Face reconstructed around 17,600 actions over a campaign lasting about four and a half days, including roughly two and a half days inside its own infrastructure.Notably, these AI agents were not trying to steal money or damage Hugging Face. They inferred that the company might possess the solutions to the benchmark, to the problem they were tasked with solving, and they went looking for them. They were, in effect, cheating on a test, looking for solutions to the problems rather than taking the test, as intended.That doesn't mean the models had motives in the human sense. People created the evaluation, reduced the normal safeguards, and assigned an offensive task. But no operator selected Hugging Face or directed the individual steps; that was a path the AI decided to take all by itself.Anthropic's review subsequently found three incidents among more than 141,000 evaluation runs for its own models. In one, a model unable to reach its fictional target scanned around 9,000 real ones, compromised an internet-facing application using an exposed password and SQL injection, then stopped after recognizing that the host was real.Another model published a malicious package to the real Python Package Index because it believed the registry was simulated. Fifteen outside systems downloaded and ran that malicious package before it was removed.Meta then disclosed that one of its models had reached the internet through a misconfiguration at the same evaluation vendor and exploited a vulnerability at an unnamed third party.No significant financial damages have been publicly reported from these events, by attacker or victim. But if there had been damages, who would have paid for them?What I'd like to talk about today is how autonomous AI systems complicate cyber insurance, how insurers have handled equally unfamiliar risks in the past, and why insurance contracts may soon become one of the more important forms of AI governance.—A typical cyber-insurance policy covers a broad portfolio of costs.These can include ransom payments, forensic investigations, legal expenses, restoring systems and data, notifying customers, and compensating victims and possibly a victims' customers for the revenue lost while a company's operations are interrupted.Business interruption is often one of the largest portions of a claim, and policies can respond to malicious attacks as well as non-malicious failures.This market grew by more than 30% a year between 2017 and 2022, as ransomware, a type of attack that became a lot more common during that period, in part because of increased automation and a franchising model that became really popular and increased the reach of the most powerful ransomware tools, almost broke this industry.In 2021, attacks on Colonial Pipeline, the insurer CNA, and meat processor JBS produced multimillion-dollar ransom payments and costly disruptions. Insurance prices surged, sometimes by more than 100%, while some companies found they could not obtain coverage because insurers just couldn't make the numbers work for them.Insurers responded to this more complex hacking environment by raising prices, but they also made coverage conditional on specific defenses. Companies increasingly had to demonstrate that they used multifactor authentication, endpoint monitoring, restricted administrator access, and backups that attackers could not alter, as a baseline.Loss ratios then fell, more insurance capital entered the market, and prices eventually came down again, stabilizing after that frantic and uncertain period.According to Marsh, global cyber-insurance rates fell 4% in the second quarter of 2026, the twelfth consecutive quarterly decline. Primary pricing is now about 42% below its 2022 peak.The market is not necessarily becoming safer, though. US cyber premiums reached about $7.5 billion in 2025, while the share of premiums consumed by claims rose to 53%—the first time it ticked above 50% since the pandemic-era ransomware surge.Globally, Munich Re estimates the market was worth nearly $15 billion last year and could approach $28 billion by 2030.During this period, insurance applications have also become a consequential part of a company's security system.In one particularly clear example, Travelers rescinded a million-dollar policy after a ransomware claim revealed that the customer's multifactor authentication protected only its firewall, despite application answers saying the control was used much more broadly.Companies that don't live up to cyber insurance expectations can thus be left in the lurch, so in a very real way, insurers have helped make multifactor authentication a standard business practice by attaching a price to its absence. This industry could move faster than regulators because they didn't have to ban insecure behavior and pass legislation to make that happen; they just had to decline to insure anyone who didn't live up to their basic security standards, which left those who failed to implement such precautions without insurance, should they be targeted by hackers.That same mechanism is now being aimed at AI agents, but the big initial problem everyone is facing is definitional.Most cyber policies are written around some identifiable security event: an outside attacker breaks in, an employee steals information, a credential is used without authorization, or malicious software takes a server offline.What if, though, a company gives an AI agent access to its network so that the agent can find and repair security vulnerabilities?And then maybe the agent discovers a vulnerability, exploits it, moves laterally into systems it was not expected to touch, and exposes sensitive data. There is a cyber loss, but there may be no conventional attacker and no stolen credential. The software was invited in and may have used permissions it was explicitly given. This is very different from a human-led hack, but it still has the potential to cause a lot of monetary damage.Insurers including MSIG, QBE, and Beazley are reviewing how their policy language applies to these scenarios and who bears responsibility when an agent's autonomous actions cause damage.For now, most of them are clarifying the parameters of their coverage rather than excluding AI events entirely.QBE's global head of cyber described AI as “a risk amplifier, not a fundamentally new cyber risk.” In other words, if an AI system causes something that looks like an ordinary covered breach, the involvement of AI probably won't put it in a different category; it'll still be covered.The trickier cases involve an agent that works as designed but makes an expensive decision, or a systemic event in which a model or AI platform produces losses at many companies simultaneously.The first type might be treated as professional liability, or errors and omissions, rather than a cyber incident. The second could, in theory at least, end up being too large for insurers to cover without strict limits in place.Specialized products are already emerging. Armilla AI, Munich Re, and AXA XL sell coverage for risks including model underperformance, hallucinations, and intellectual-property claims. Whether these products remain separate or are eventually folded into broad cyber policies will depend in part on what sorts of claims insurers actually receive, and the scale of those claims.Right now, they have very little historical data with which to calculate the price. Insurance is fundamentally a system for using past experience to account for future issues, and autonomous AI losses have almost no past; they're a very new type of problem.That said, the insurance industry has encountered ambiguity before.For years, insurers worried about silent cyber: losses caused by digital events that appeared inside property, liability, and other policies that had never explicitly contemplated them. Lloyd's gradually required policies to state whether cyber risks were covered or excluded.There was also the question of attribution. In 2017, the NotPetya malware spread from Ukraine through corporate networks around the world. The US and several allies attributed it to the Russian military, but many victims were ordinary companies with no meaningful role in geopolitics.Drugmaker Merck claimed about $1.4 billion in damages under its property policies. Insurers disputed roughly half of that amount using exclusions for hostile or warlike acts; language whose ancestry predates computers by more than a century.New Jersey courts found that the exclusion required something closer to conventional military action, not a cyber bug gone haywire, and the case settled in January of 2024, just before the state Supreme Court was scheduled to hear it. Mondelez settled a parallel dispute with Zurich over a claim exceeding $100 million around the same time.Lloyd's subsequently required standalone cyber policies to address catastrophic state-backed attacks explicitly, including a method for resolving attribution. Agentic AI reopens both the silent-coverage and attribution problems simultaneously.If a model causes a loss, responsibility might plausibly be assigned to the model developer, the company that deployed it, the vendor that built its evaluation environment, or the organization whose excessive permissions allowed the damage to spread.In two of this summer's three sets of incidents, a third-party evaluator's misconfiguration helped create the path to the internet. In OpenAI's case, the path involved vulnerabilities in OpenAI's own infrastructure and then weaknesses at several outside services.The most important insurance risk, though, may ultimately be technological and infrastructural aggregation.The 2024 CrowdStrike outage demonstrated that a single faulty software update could interrupt airlines, banks, hospitals, and other organizations around the world without any malicious attacker.Consider a future in which thousands of companies give access to agents built on a small number of frontier models. A flaw or unwanted behavior in one widely used model could cause problems for a large portion of an insurer's entire customer base, all at once.And this risk is arriving in the midst of an unusually competitive insurance market, after twelve quarters of declining rates and as loss ratios are beginning to rise. If insurers decide they cannot price the exposure, they will probably respond through some combination of higher prices, lower limits, stricter conditions, and exclusions.All that in mind, the first thing to be watching in the coming months is policy language during the January 2027 renewal season.The current posture, if you recall, is to clarify rather than exclude, but language addressing systemic AI events or dependence on a single model provider is already being discussed. A significant loss could change the market's posture quickly, making it more limited and expensive.The second thing to watch for is the first big, disputed claim.Industry interviews can describe what insurers expect to cover, but their operational position will be established when an AI agent causes an eight-figure loss and a carrier must either pay or explain why it won't.The NotPetya disputes took years to resolve, and the first autonomous-agent case could similarly define policy language well before it produces a final court ruling. That'll be a moment that maybe defines the next ten years of cyber insurance standards, if not longer.The third thing to watch for is changes to insurance questionnaires.Underwriters could begin asking whether agent credentials are narrowly scoped, whether actions are comprehensively logged, whether consequential decisions require human approval, whether agents have kill switches, and whether claimed containment has been verified rather than merely documented.If these controls affect the price and availability of insurance, they could become industry standards faster than legislation makes them mandatory, just like that previous round of cyber insurance baselines that became common because, lacking them, customers could no longer get cyber insurance at any price.And finally, there's also a government process developing alongside the private one.An executive order signed in June established a voluntary framework under which developers can provide the federal government with access to certain frontier models for up to 30 days before release. The process uses classified benchmarks to evaluate advanced cyber capabilities, and representatives from major AI companies discussed the framework at the White House in August of 2026.If insurers eventually require evidence that a model or company participated in this sort of evaluation, a voluntary government program could evolve into a practical requirement without ever becoming an actual legal mandate.This wouldn't make insurance a perfect regulator. Insurers are accountable to their own balance sheets, not to the public as a whole, and they may respond to poorly understood risks by excluding them rather than making them safer, as has been the case with some types of weather disaster in areas that are becoming more prone to things like flooding and wildfires.But insurance companies do have to convert uncertainty into prices, contractual language, and technical requirements, which makes some currently difficult to quantify things more quantifiable, at least monetarily.The AI incidents this summer caused no reported material damage, which is one reason they're getting relatively little coverage, despite being fairly meaningful events. The insurance industry sees these sorts of narratives through the lens of cost and risk, though, and this is a category of loss with no conventional attacker, no stolen credential, several plausible defendants, and almost no claims history, arriving at a moment in which companies are racing to give autonomous systems more access to all of their systems—a lot of valuable and potentially vulnerable infrastructure.The people whose job is to price that risk haven't decided what it costs, yet. And until they do, what they add to or remove from their application forms may be more consequential to the norms and expectations in this space than what the government mandates, on the matter.Show Noteshttps://www.businessinsurance.com/as-ai-agents-go-rogue-cyber-insurers-are-adapting-their-policies/https://www.investing.com/news/stock-market-news/as-ai-agents-go-rogue-cyber-insurers-are-adapting-their-policies-4878768https://openai.com/index/hugging-face-model-evaluation-security-incident/https://openai.com/index/hugging-face-incident-and-the-road-ahead/https://huggingface.co/blog/security-incident-july-2026https://huggingface.co/blog/agent-intrusion-technical-timelinehttps://www.anthropic.com/news/investigating-incidents-cybersecurity-evalshttps://cyberunit.com/insights/ai-sandbox-escapes-three-labs-meta-anthropic-openai/https://labs.cloudsecurityalliance.org/research/csa-research-note-frontier-ai-models-hacking-real-systems-ev/https://techcrunch.com/2026/07/07/the-worst-hacks-and-breaches-of-2026-so-far/https://blackkite.com/reports/2026-ransomware-reporthttps://www.cisa.gov/news-events/cybersecurity-advisories/aa23-320ahttps://www.munichre.com/en/insights/cyber/cyber-insurance-risks-and-trends-2026.htmlhttps://www.swissre.com/risk-knowledge/advancing-societal-benefits-digitalisation/about-cyber-insurance-market.htmlhttps://www.marsh.com/en-gb/services/international-placement-services/insights/global-insurance-market-index.htmlhttps://compyl.com/guides/cyber-insurance-readiness-guide/https://www.aon.com/en/insights/articles/cyber-and-tech-e-and-o-market-reporthttps://www.cybersecuritydive.com/news/merck-settlement-notpetya-insurance/703922/https://therecord.media/mondelez-and-zurich-reach-settlement-in-notpetya-cyberattack-insurance-suithttps://assets.lloyds.com/media/eb6de9ce-293b-4213-80f8-9dc69c45b1a9/Y5381%20Market%20Bulletin%20-%20Cyber-attack%20exclusions.pdfhttps://www.whitehouse.gov/wp-content/uploads/2026/06/eo-14409.pdfhttps://www.axios.com/2026/08/04/inside-trump-ai-framework This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

The ASX 200 closed 37 points lower at 9,128 (0.4%) after a strong start was ambushed by a higher-than-expected CPI number this morning. What looked like a good day all round turned into a negative one, with results also weighing on the market and some high-profile companies disappointing.Banks continue to wallow, with CBA down 1.0% and the Big Bank Basket falling to $264.50 (0.4%). MQG was a standout, up 0.3%, but insurers gave back some of yesterday's gains, with QBE down 1.1% and IAG down 1.2%. GQG fell 7.0% as it went ex-dividend today.Industrials slid, with some of the healthcare stocks giving back some of the gains of recent times. CSL was down 0.7%, while PME also fell 3.2%. Tech stocks were also on the nose today, led lower by WTC, which fell 10.1% on disappointing results, while XRO also fell more than 5.6%. DTL gave back some of its recent gains, falling 5.4%, and the All-Tech Index was also lower. TLS eased back 2.6%, while retail was mixed after good results from LOV, with WES rising 0.7%. WOW also had a good day after promising results, up 3.4%, while COL kicked again on broker upgrades.In resources, BHP eased slightly, while RIO was up a little. Gold miners continued to enjoy the gains, with PRU one of the best performers, up 9.5%. We also saw a rise in SFR, up 6.0%, while PLS managed a good rise today after yesterday's falls.Oil and gas stocks eased back, with WDS down 3.3%, while uranium stocks were better, with PDN up 5.1%.In corporate news, CTT rallied 16.7% on its results, NEU is paying its first dividend, DMP was sold down again after further writedowns, CBA agreed to a $249m settlement of a class action, and LOV delivered a strong result. There were plenty of casualties on results today, including DRO, which fell 11.0% on lower margins, while FLT dropped 7.4% and INA also fell hard on a takeover of PPC.Asian markets were mixed, with Japan up 0.7%, Hong Kong up 0.6%, China up 0.8%, Kopsi up 0.4%, and US futures were drifting lower ahead of Nvidia and PCE data., with the Dow up 4 points and the Nasdaq down 68. PCE data tonight. European futures pushing slightly ahead. Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice. 

The ASX 200 rose 44 points today to 9103 (0.5%), as once again we saw resources push ahead. The big Australian BHP hit a new record high today, up 3.0%, as the market continues to warm to the copper story and passive flows stoke the fires. Elsewhere, we saw good results from PLS ignite the lithium space, up 7.9%, with LTR up 4.3% and MIN up 4.2%. Even S32 had a good day, rising 3.7%, and the gold miners were firm yet again, with NST up 1.8% and NEM up 2.4%. Not all resources rose, as we did see the oil and gas space give up some recent gains, with WDS down 0.9% and STO down 1.8 %. However, uranium stocks had a good session, with PDN up 10.6%.Industrials had a mixed day, with utilities easing. Tech stocks rose, with WTC up 2.7% and XRO up 2.0%, but retail was mixed, as JBH fell 1.1% and KGN stumbled following its recent results announcement. Once again, the banks were under pressure, with CBA down 0.7% and NAB down 0.4%, with other financials mixed. The Big Bank Basket fell to $265.49 (-0.6%). MQG eased 0.2%, while insurers fell, with QBE going ex-dividend. Healthcare stocks were marginally better, with CSL up 0.5% and PME up 1.0%.Plenty of corporate news around today, with RPL falling  2.8% after its founder announced plans to retire. EVT climbed 8.9% after it said it was exploring a sale of non core assets. ABY was certainly in the eye of the beholder after a turnaround, while VGN was unchanged, despite news of a private equity sell-down. There were some casualties today, with results from EDV falling 4.7%, while NHF dropped 9.1% after a fall in full year net profit.Nothing of note on the local economic front today. Asian markets were mixed, with Japan up 0.2%, Kospi down 3.1%, Hong Kong down 2%, China down 0.9%, and US futures were weaker, with the Dow down 42 points and the Nasdaq down 229. Yields back in focus.Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice. 

The ASX 200 ended a long week of results down 25 points at 9,059, or 0.3%. The index down 0.7% this week. It has been a long week for the market, and some of the gains from previous sessions were reversed today. The banking sector found its feet, with the Big Bank Basket rising to $267.12 (0.5%), led by CBA, up 1.0%. Insurers also bounced following yesterday's drubbing, with QBE up 2.9%, SUN up 1.1%, and MPL also having a good day, up 5.1%. Industrials were generally weaker across the board, with WES down 2.3%, JBH falling 1.4%, and QAN also under pressure, down 1.2%. The supermarkets drifted lower too. Healthcare came under pressure, with CSL falling 1.7% and PME also down 7.0%. Technology stocks gave back some of their gains from previous sessions, with XRO down 0.3% and WTC falling 2.0%. MP1 continued to flop following its capital raise, while NXT also slipped slightly.Resources were mixed, with BHP down 0.9%, while RIO headed in the opposite direction, rising 1.4%. Gold miners regained their footing and pushed a little higher, with GMD up 3.9% and RMS posting a modest gain. PLS also had a good day, up 5.0%, while MIN, IGO and LTR all performed well. Coal and uranium stocks were slightly firmer, while the oil and gas sector was somewhat mixed.In corporate news, GYG delivered better-than-expected results, rallying 11.4%, while TPG also performed well following its results. On the M&A front, EQT rose 9.3% on the back of a rival bid from BGH Capital, while it looks like the SDF deal has been signed, with the stock in suspension until next week. Some notable fallers on corporate news included ING, DGT and CHC, all of which came under pressure following their results.Nothing of note on the local economic front today. Asian markets were mixed, with Japan down 0.5%, Hong Kong up 0.7%, China up 0.6%, and US futures were narrowly firmer, with the Dow up 22 points and the Nasdaq up 48. European markets poised to open better. Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice. 

The ASX 200 rose 30 points to 9,084 (0.3%), although early gains petered out as the banking sector once again came under pressure. The Big Bank Basket fell to $265.70 . CBA was down 2.7%, ANZ fell 1.6%, and the insurance sector was also faring badly, with QBE down 3.9%, SUN down 2.3%, and MPL, which reported today, down 6.4%.Other financials did better, with ASX up 0.3% and ZIP having a cracker of a day, up 18.2%, on better-than-anticipated results. REITs also rose as yields came off on the back of intervention in the US Treasury market, with VCX up 3.2% and SGP up 2.4%, although GMG fell 1.5% following its results.Healthcare was once again a sector in the green, with CSL pushing ahead 2.8% and RMD also up 2.8%, while PME did well, rising 3.6%. We saw gains in the technology sector too, with XRO up 2.4% and WTC bouncing back from yesterday's big sell-off to rise 9.1%. Other tech stocks also rose, with CDA having a cracker of a day, hitting record highs and rising 12.4%. MP1 announced another capital raising and fell 5.1%. Retail stocks were generally better, following some good results, with LOV up x%.The big gains, though, were in the resources sector, with BHP up 3.2%, RIO up 1.8%, and the gold miners doing very well on the back of the explosion in the bullion price. NST rose 6.2%, EVN gained10.2%, with copper still trading close to record highs. GMD also rose 10.3%, while lithium stocks were slightly firmer, as were uranium stocks.In corporate news, IEL plunged 20.7% after a slump in net profit and an 11% drop in revenue. SUL surged 15.1% after beating expectations, while MPL fell hard after membership growth slowed. BXB slipped slightly after its pallets business was affected by the World Cup, while MGH had a good day, rising 9.0%, with profits beating expectations. On the economic front, jobs fell by 15,800 in July following an upwards revision to 80,200 workers for June. The unemployment rate rose to 4.5%. Asian markets were better, with Japan up 1.4%, Hong Kong up 1.2%, China flat, and US futures were narrowly mixed, with the Dow up 18 points and the Nasdaq up 103. European markets poised to open better. Gold flying.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

QBE has spent years trying to become a less volatile, more predictable insurer. But that's no easy task when the risks it covers - from natural catastrophes to cyber attacks - keep changing.Sean Aylmer speaks with QBE Insurance Group CEO Andrew Horton about the strategy behind the global insurer's growth, why cyber has become a half-billion-dollar premium business for QBE, how AI could help both cyber attackers and defenders, and what he's hearing from businesses around the world about the risks they face.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The ASX 200 dropped 42 points to 9073 (-0.5%) as once again, the banking sector disappointed, with NAB's results pointing to challenges ahead. The stock fell 4.6%, while ANZ gave back some of last week's gains, falling 2.6%. The Big Bank Basket was down to $277.41 (-1.8%). Financials were generally weaker, with SOL down 1.9%, MQG down 0.5%, and ASX giving back some recent gains. Insurers also slipped, with QBE down1.8% and SUN down 5.1%. REITs came under pressure as bond yields rose, with SCG down 0.8% and SGP down 3.0%.Industrials were generally weaker, with the retail sector leading the market lower. JBH fell 12.3% following underwhelming results, while WES lost 4.4% and HVN also fell 4.6%. Technology stocks were mixed, with WTC down 2.6%, while XRO managed to rise 0.8%. We also saw some profit-taking in healthcare, with CSL down 1.4% and RMD falling 1.3%.Holding the market together was the resource sector, with BHP rallying 1.4% ahead of tomorrow's results. The gold sector also performed well as bullion held onto its recent gains, with EVN up 5.2% and NST gaining 3.0%. BSL slipped slightly following its results, while the lithium sector was better again, with PLS the standout, up 4.5%.Oil and gas stocks also edged higher, while buyers returned once again to the uranium sector, with PDN up 4.2%.In corporate news, IRE failed to impress despite a lift to profits. Falling 11.6%. AD8 had a great day, up 11.0%, after revealing an underlying loss, with LLC falling 11.2% as it swung to a net loss of $749m in 2026. In economic news, Japanese second-quarter GDP grew 1.1% on an annualised basis.  Asian markets were mixed, with Japan up 0.5%, Hong Kong up 1.8%, China up 1.2%, and Korea closed US futures were narrowly mixed, with the Dow down 28 points and the Nasdaq up 129. European markets poised to open higher. UK jobs and inflation ahead.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

This is the Fear & Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes. ASX falls 0.8pc Trump considers tariff exemption for Australia Jacinta Allan quits politics QBE profit hits $1.5 billion Baby Bunting profit rises Join our free daily newsletter here.Support the show: http://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The ASX 200 fell 73 points to 9,115 (0.8%) as the banking sector slid and resources took a breather. For the week, we are down 1.6%. We saw CBA fall 1.1% and WBC down 0.9%, whilst ANZ had a better day following its results earlier this week. The Big Bank Basket fell to $282.50 (0.9%). Other financials were also under pressure, with ASX down 3.7%, while the insurance sector weakened, with QBE off 1.6% after disappointing results. Industrials were also easier, with TLS falling 1.2% and TCL down 4.1% The healthcare sector was a little mixed, with CSL slipping 0.7%. Tech stocks, however, caught a bid today, with XRO up 5.5%, WTC gaining 5.6% and TNE doing well, up 3.2%. CAR also rallied 5.5%.It was the resources sector that generally sucked the life out of the market today, with BHP falling 3.3%, RIO down 3.1% and the gold sector under pressure as the spot bullion price fell. NST dropped 2.3% while EVN was down 3.4%. We did see lithium stocks hold up relatively well, with LTR up 3.7% and MIN drifting slightly higher. Uranium stocks fell, while oil and gas stocks were relatively steady.In corporate news, QBE dropped 1.6% on its results, while BBN surged 5.8% after posting better-than-anticipated profits. IPG also had a good day, beating forecasts and rising 13.1%. On the economic front, there was nothing of note locally.US retail sales are due tonight and will be the key economic focus.Asian markets were mixed, with Japan up 0.5%, Hong Kong down 1.0%, China down 0.2%, and Korea up 3.7%. US futures were narrowly mixed, with the Dow down 10 points and the Nasdaq down 34.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

This is the Fear & Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes. ASX falls 0.8pc Trump considers tariff exemption for Australia Jacinta Allan quits politics QBE profit hits $1.5 billion Baby Bunting profit rises Join our free daily newsletter here.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The ASX 200 gained 18 points to 9,251 (+0.2%), with a slight flip higher as the RBA kept rates unchanged. Once again, we saw banks under some modest pressure, with ANZ down 1.3% and the Big Bank Basket down 0.3% to $287.50. Insurers also slipped, with QBE down 1.1% and IAG having a bad day, down 4.0%. Elsewhere, industrials were mainly firm, with healthcare a star, CSL up 2.9% and RMD up 3.8%. TLS managed a small loss, while CAR had a small loss after yesterday's results, falling 1.1%. We also saw QAN dropping 3.2% as the oil price headed higher, and both WOW and COL fell away as traders embraced more risk in the tech space. XRO rose slightly, and NXT was up as well.Meanwhile, resources did well, especially in the gold sector, with the gold miners heading higher. NEM was up 2.8% and GMD up 0.7%. BHP rose 0.7%, and coal stocks were also firm, as were uranium stocks, with PDN up 2.6% and DYL up 2.8%. WDS rose 3.8% and STO was up 5.4%.In corporate news, 360 fell 19.4% after offering no guidance, and SGH also tumbled 10.3% as the Coats business disappointed.On the economic front, the RBA kept rates on hold, as was widely anticipated, with a slight hawkish tinge. The economic team at ANZ also predicted the end of the world for housing over the next two years. The oil price continued to push higher, with the gold price coming off its highs.Asian markets were mixed, with Japan closed, Hong Kong down 0.7%, China down 0.1%, and Korea up 1%. US futures were mixed, with the Dow down 17 points and the Nasdaq up 43.Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice. 

SHARESIES · MARKET MOVEMENTS · 11 AUGUST 2026Jacki Neumann, Head of Capital Markets at Sharesies Note: Filmed Monday 10 August ↑ WHAT’S UP — The S&P 500 hit a new record close to finish the week up 3.6%, the Nasdaq up 5.2% in its best week since May, and the ASX 200 climbing 3.2% to its own new record. Strong corporate earnings helped power the rally: Palantir jumped 29.5% after 93% revenue growth, AMD posted record quarterly revenue of US$11.5 billion, and SpaceX surged around 23% on its first public results. ↓ WHAT’S DOWN — ResMed shares fell after a mixed underlying result. Oil was choppy, falling initially on hopes of a deal to reopen the Strait of Hormuz, only to climb later in the week as Iran moved to restrict US and Israeli vessels. ! BIGGEST SURPRISES — The US July jobs report shed 23,000 jobs against expectations to gain around 80,000, even as the unemployment rate fell to 4.1%. Markets read it as easing Fed pressure, cutting September rate-hike odds to 41% from 55%. ◎ WHAT TO WATCH — The RBA decides on Tuesday, with a hold at 4.35% expected, and US July CPI and PPI will test whether price pressures are easing after the oil run-up. Reporting season continues with RocketLab, Cisco and Super Micro in the US, and CBA, ANZ, Westpac, QBE, IAG and Suncorp locally. ◈ BIGGER PICTURE — Records across Wall Street and the ASX show a firmly risk-on market, powered by strong earnings and tentative signs of easing Middle East tensions. Appetite remains for the AI and growth trade, demonstrated by Palantir, AMD, and SpaceX. But unsettled oil prices and the impact of a soft US jobs print sit in the background as potential swing factors. Disclaimer: Sharesies Market Movements is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. This video is general market commentary and educational in nature. It is not financial advice and does not take into account your personal objectives, financial situation or needs. Information is current at the time of recording and may be subject to change. We do not provide recommendations and nothing in this video should be taken as a recommendation to buy or sell any financial product. Investing involves risk. You might lose the money you start with. Past performance is not indicative of future performance. If you require personal financial advice, you should consider speaking with a qualified financial adviser. Our disclosure documents and terms and conditions, including a Target Market Determination and IDPS Guide for Sharesies Australian customers, are available on our relevant Australian or NZ website.See omnystudio.com/listener for privacy information.

The ASX 200 put in another solid day, rising 44 points to 9,272 (0.5%), as the banks and gold stocks shone. We did see higher levels earlier in the session, but some of the enthusiasm was sapped by a fall in the Kospi, while BHP and RIO finished slightly mixed. CBA rose 0.9% and NAB gained 0.4%, with financials generally firmer. The Big Bank Basket rose to $299.21 (+0.6%) Insurers slipped, however, with QBE down 1.0%, while the REITs also eased, with GMG down 1.7% and SCG off 1.3%. Healthcare continued its recent strength, with CSL up 1.3% and RMD rising 0.3%.Technology had a mixed session, with WTC falling 1.5% and XRO gaining 0.4% as the sector paused for breath after recent gains. Industrials were generally firmer, while retailers had a good day, led by JBH, up 2.9%, and HVN, which rose 1.2%.In the resource sector, the gold price pushed higher again, dragging the miners with it. EVN rose 3.8% and NST added 3.2%. There was little to report in lithium, with the sector drifting slightly higher. Uranium stocks eased modestly, while coal stocks were stronger, with WHC up 2.5%. Oil and gas stocks were little changed as investors continued to wait for further developments in the Iranian talks.In corporate news, REA rose 3.4% after posting an 11% increase in revenue. AMP also had a strong session after announcing a 57% jump in half-year profit and unveiling a $150m share buyback. Meanwhile, BPT fell after reporting a 21% decline in underlying FY profit, while AQZ surged 30% before entering a trading halt as it renegotiates contracts with QAN. Nothing on the economic front today.Asian markets were weaker, with the Nikkei 225 down 0.99%, Hong Kong down 1.7%, China down 0.8%, and Korea off 4.6%. US futures were flat with the Dow up 118 points and the Nasdaq down 83. Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

QBE Re has doubled in size since 2020, and plans to double its scale again by 2030 to underwrite $6bnn of business.But how can this continued expansion be achieved in a market undergoing significant softening?According to QBE Re managing director Nick Hankin, the business is not relying on one or two big bets, but is targeting broad-based expansion across product and geography.He told Insurance Insider that QBE Re benefits from harnessing the data and broker partnerships of the wider QBE group, as well as its capital strength and balance sheet.And in this week's news discussion, Insurance Insider editor Fiona Robertson explains what is influencing the rapid growth in the London smart follow market. 

The ASX 200 closed up a mere 9 points at 8,978 (0.1%), as a solid start gave way to caution ahead of the weekend. There was a bounce today in some of the oversold small and mid-cap stocks as the banks eased back, with CBA down 0.4% and ANZ down 0.5%, and the Big Bank Basket falling to $294.04 (0.5%). Financials were slightly firmer, with MQG leading the charge, up 1.2%. Other financials also bounced well, but insurers slipped, with QBE down 2.5% and IAG down 1.5%.Elsewhere, industrials were somewhat weaker, with WOW and COL seeing sellers, together with REA, CAR and SEK. Healthcare was also under pressure, with CSL down 3.8% and RMD falling 1.5%. Technology stocks eased back in the software space, but the hardware and data centre sector firmed, with WTC down 4.2% and NXT up 4.5%.In resources, buyers returned for BHP and RIO, together with the gold miners, which were stronger as EVN rose 1.9% and NEM gained 3.5%. Lithium stocks, though, remain weak, with PLS down 1.4% and LTR continuing to fall from grace. Oil and gas stocks flat, with WDS up 0.2% and STO up 0.1%, while coal stocks also slipped as uranium stocks bounced slightly.In corporate news, FMG took a $746.8m hit on its Iron Bridge project. ORG was up 0.9% with Octopus adding 2.2 million customers, while OBM had a good day as it expanded the footprint of its Little Gem Gold Project. MGH also got the tick of approval to sell its construction business to Heidelberg.In economic news, China factory activity unexpectedly contracted in July.Asian markets were better, with the Nikkei 225 up 4.3%, Hong Kong down 0.2%, China up 1.2%, and Korea up a record 17.4%. US futures were firmer, with the Dow up 242 points and the Nasdaq up 322 points. European markets are set to open around 0.5% higher.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 gave back 71 points to 8,968 (-0.8%) as profit-taking set in across the board. Banks were mixed, with CBA and ANZ down slightly, while NAB and WBC edged higher. MQG, though, fell 1.5% after US investment banks weakened overnight, and financials generally were softer, with QBE down 0.9% and IFT off 1.7%. REITs also came under pressure, with SCG down 1.3% and VCX falling 1.5%.In the industrials, we saw some selling after the strong gains of recent days, with WES down 1.5%, JBH off 1.6%, and TLS falling 0.6%. Healthcare stocks also gave back a little ground, with CSL down 0.1% and SIG easing 0.7%. Tech stocks, however, were slightly firmer, with XRO up 1.4% and WTC rallying 6.7%. Other industrials also slipped, with QAN down 3.0% and SGH off 2.5%.Meanwhile, in resources, BHP fell 1.7%, and FMG was weaker, although RIO rose 1.8% following positive broker comments after yesterday's result. Gold stocks eased on interest rate concerns, with NST down 3.3% and NEM off 1.8%. Some buying emerged in lithium stocks, with PLS up 2.7% and MIN rising 3.9% following better-than-expected results. Oil and gas stocks were steady, while uranium stocks eased slightly.In corporate news, DMP beat expectations slightly and shorts rushed to cover, up 9.1%. BOE fell 2.5% despite meeting production guidance. ALD rose 0.2% after announcing better-than-expected earnings from its refinery, while VNT slipped 2.9% following the appointment of a new director. In economic news, building approvals rose 7.2% to 18,328, while the value of total residential building work increased 15.1%.Asian markets were mixed, with the Nikkei 225 up 0.2%, Hong Kong down 0.4%, China off 2.1%, and Korea down 0.9%. US futures were slightly firmer, in line with fair value, with the Dow up 74 points and the Nasdaq up 105 points. European markets are set to open lower.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 started the week on a strong note, up 122 points to 8,894 +1.4%), as most sectors of the market rallied hard, with the exception of oil and gas, as Trump's threat of a massive attack on Iran was wound back and US futures rallied. The banking sector was once again solid, with CBA up 1.2% and ANZ up 1.2%, with the Big Bank Basket at $291.58 (+1.2%). MQG also rallied again, and other financials were back in the green. Insurers also rose, led by QBE up 1.4%. The REIT sector was also good today, led by GMG up 3.2% and CHC up 2.8%. Industrials too had a significantly better day, with the tech sector firing for a change: XRO up 6.0% and WTC up 7.0%, with TNE rallying too, along with REA, CAR and SEK.  TLS had a good day. QAN brushed off the latest Alan Joyce novel and rose 3.6% on lower oil prices. Meanwhile, resources had a solid day: BHP up 2.1%, RIO up 2.2%, and the gold miners also doing well today. We had some corporate action with EVN bidding for CNB in a script bid. VAU also had a good day, together with CMM, on a resource upgrade. Even the lithium stocks chimed in today, with LTR up 3.4% and PLS up 2.7%. Meanwhile, oil and gas stocks WDS and STO fell around 3%, and uranium and coal stocks also a little bit easier.In corporate news, MYR fell 12.0% after it said a sharp slowdown in consumer spending late in the financial year weighed on margins. PPT had another bid from EQT of $22.50, and EVN bid for CNB. Nothing today on the economic front as we await the CPI on Wednesday.Asian markets were mixed, Nikkei 225 up 0.3%, HK up 0.8% and China 0.3% - Korea up 0.8%. US futures up 400 for Dow, 414 for Nasdaq.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 fell 67 points to 8,772, leaving the market down around 25 points for the week. Once again, we saw money flowing out of resources, industrials and the technology sector, and back into the relative safety of the banking sector. The Big Bank Basket rose to $288.03 (+1.2%). CBA rose 1.0% and NAB gained 1.5%, while insurers also benefited from higher bond yields, with QBE up 1.4%. MQG continued to push higher following the CEO retirement announcement, but other financials slipped, with HUB down 3.1% and IFT falling 1.2%. REITs were mixed, with GMG down 2.7% while SGP edged slightly higher.Industrials were well and truly on the nose yet again, with WES down 1.0%. Retail stocks generally drifted lower, with most names down around X%. The technology sector was once again battered and bruised, with REA down 3.7%, XRO falling 4.5%, and WTC also hit hard.Healthcare was no refuge either, with CSL down 1.3% and RMD falling 0.4%.Resources were not spared, with BHP down 2.9% and RIO off 1.7%. Gold miners were once again under pressure as the bullion price looked to be testing US$4,000 an ounce yet again. NST fell 3.9% and EVN dropped 2.4% Lithium stocks were also depressed, with LTR falling hard and PLS down 2.1%. Rare earth and copper stocks were also in the doghouse, while uranium stocks continued to slide.Energy stocks were one of the brighter spots, with both WDS and STO firmer, while KAR enjoyed a good day following a broker upgrade.Corporate News, COH edged higher after confirming it would not be subject to the new US tariffs. ASX fell after announcing the retirement of its CFO. There was nothing of note on the local economic front. The US tariff saga continues, with Australia hit by 12.5% tariffs on products linked to alleged "forced labour" issues.Asian markets were weaker, Nikkei 225 down 2.9%, HK down 1.4% and China off 1.3% - Korea down 6.0%. US futures drifting.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 rose 16 points to 8,839 (+0.2%) after a strong start was derailed by better-than-expected jobs data.Banks were firm, with CBA climbing 0.4% and the Big Bank Basket up to $284.71 Elsewhere, financials eased back following the news from MQG that CEO Shemara Wikramanayake will step down in November to be replaced by Greg Ward. The stock fell 0.5% on the news. We also saw losses in the insurance sector, with QBE down 1.1% and SUN falling 1.9%. Once again, it was the industrials that came under pressure, with the tech space falling hard as US software stocks weakened. XRO dropped 5.0%, WTC fell 7.0%, and TNE also suffered. The All-Tech Index fell 2.9%, with 360 down 5.5% too. Industrials eased back, with TLS down 0.6%, while REA, CAR and SEK also fell. Retail stocks were weaker, led lower by WES. Utilities firmed, with ORG up 0.8%.Resources were stronger again today, with BHP up 1.5% and FMG rising 1.0%. S32 had another good day, and we saw a bounce in lithium stocks, with LTR up 3.6% and PLS rising 1.9%. Gold miners were also slightly firmer as bullion managed to hold on to recent gains. Coal stocks were better, along with uranium names, with PDN the standout following broker upgrades, up 11.6%.In corporate news, GDG had a cracker of a day, rising 37.1% after updating its funds under management. STO narrowed its production guidance to 99m to 105m barrels of oil equivalent. Elsewhere, SFR had a good day after reporting record quarterly revenue.In economic news, the latest jobs data pointed to a resilient economy, with the unemployment rate holding at 4.4%, although most of the employment growth came from part-time jobs. The result is likely to keep pressure on the RBA to raise interest rates.Asian markets were better, Nikkei 225 up 0.9, HK up 1.4% and China up 0.1% - Korea up 4.3%. US futures drifting lower - Dow down 44 and Nasdaq down 100. Oil firms. European futures off slightly. Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 drifted around to close down 5 points at 8,791, as the banks paused after last week's rise and resources came back into focus. US futures sliding lower sapped early enthusiasm.The Big Bank Basket was flat at $283.68 (-0.7%) with MQG falling 0.8% and NWL down 2.2%. Insurers were slightly firmer, with QBE up 1.8% and MPL rising 0.6%, although REITs eased, with SGP down 1.0% and GMG off 0.9%. Industrials were mixed again, with defensives such as the supermarkets slightly firmer, along with TLS and REA, which continued to find some friends. Retail was also mixed, with WES up 0.2%, while others failed to keep pace.In the tech space, selling continued, with XRO down 2.1% and WTC off 3.6%, although there were buyers in MAQ.Resources were mixed. BHP steadied, RIO slipped 1.9%, lithium stocks remained depressed, and the gold sector bounced back from earlier losses, with WGX up 2.1% and WAF rising 2.6%. S32 had a good day, up 4.6%, after beating quarterly guidance.Oil and gas stocks were firmer as crude prices continued to push higher, with WDS up 1.4% alongside STO. Coal stocks also edged higher, with WHC up 2.7%, while uranium stocks posted modest gains.It was a relatively quiet day on the corporate front. PPT rejected the latest proposal from EQT, while CEH surged 15.2% on plans to develop its Queensland site. We also saw interim chairman of WJL spend $1 million buying shares, lifting his stake to around 5%, or approximately 24.5 million shares. EQR rallied 34.1% after Andrew Forrest's Tattarang disclosed a 16.8% stake.It was a quiet day on the economic front.Asian markets were weaker, Nikkei 225 down 4%, HK up 1.8% and China up 0.5% - Korea down 4.5%US futures mixed - Dow down 50 and Nasdaq up 8. Oil above $91. European markets set to fall 0.3%Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 rose just 2 points to 8725 after an early swoon. NAB jumped 3.8% on a broker upgrade, WBC followed, up 2.2%, and the Big Bank Basket rallied to close at $269.80 (+1.1%)Financials were mixed, although insurers fared better, with QBE up 0.5% and SUN rising 0.8%. REITs continued to flounder, with GMG down 0.3% and SCG off 0.8%. Industrials also showed weakness, with WES falling 4.0% as brokers trimmed forecasts. SGH slipped 5.0%, while retailers came under pressure, with JBH down 1.7%, LOV falling 2.1% and HVN off 3.3%.Tech stocks were mixed again. WTC fell 1.6%, while XRO was slightly firmer following its AI deal with Microsoft. NXT dropped 5.9% and MP1 fell hard as cloud providers had a rethink. The All-Tech Index slipped 0.5%.Resources enjoyed a solid bounce in the gold sector as Kevin Warsh played a straight bat in Portugal. NST rose 5.5% and NEM gained 2.6%. Lithium stocks remained under pressure, with PLS up 0.4% and LTR slipping 3.2%. There was little to write home about in the rare earths sector. Oil and gas stocks eased as crude fell again, with WDS down 1.3% and STO off 1.4%. Uranium stocks were modestly higher.In corporate news, EOS gained 2.5% after securing another order from the Middle East. PPT rose 3.5% following a non-binding indicative offer from EQT, while IPX fell 3.0% after completing an acquisition. BHP announced it will spend $2.2 billion to reopen its mothballed Cerro Colorado copper mine.On the economic front, Balance of Payments numbers were released today.Asian markets were weaker, with the Nikkei 225 down 1.4%, the Kospi off 1.2%, Hong Kong up 0.9% and Shanghai down 1.9%. US futures were drifting higher, with the Dow up 27 points and the Nasdaq ahead by 53 points. Fair value is slightly negative, pointing to a modest start tonight. US markets are closed on Friday for the Independence Day holiday.Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice. 

The ASX 200 played out a nil-all draw today, closing up just 16 points at 8,764 in a session of highs and lows. Some EOFY shenanigans were evident in a handful of stocks. The banks held firm, recovering some of yesterday's losses, with ANZ up 0.5% and the Big Bank Basket steady at $269.71 Insurers eased as bond yields steadied, with QBE down 0.2% and SUN off 0.7%. Other financials also slipped, with NWL down 2.8% and HUB falling 4.8%. Industrials were patchy. WES continued higher and JBH found ongoing support. Healthcare stocks took a breather after recent gains, with CSL slipping 2.4% and RMD down 0.9%. Technology was mixed after early weakness, with XRO edging higher and WTC finding some friends, up 0.5%, almost the reverse of the last few trading sessions.Resources also attracted some buying, although it was hardly convincing. BHP rose 0.8% and RIO outperformed, up 2.2%. Gold miners returned to the green, but only just. Lithium stocks remained under heavy pressure after CATL talked up sodium-ion batteries. PLS fell 6.3% and LTR dropped 5.7%. Oil and gas stocks edged higher, with WDS up 0.8% and STO rallying 1.4%.In corporate news, DGT rose 5.8% after CEO Juniper departed. 4DX fell 9.0% despite receiving TGA approval, while NWH unchanged after announcing new contract wins. There was nothing of note on the economic front today.Nikkei 225 down 4.4%, South Korea down 8%, HK down 1.6% and Shanghai down 2.4%.US futures slide again, DJ down 112, Nasdaq down 397 .Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice. 

The ASX 200 fell another 60 points to 8,749, down 0.7%. Once again, it was resources that bore the brunt of the selling, with the gold price testing $4,000 and heading below it, and gold miners slipping. NST down 3.3%, EVN down 3.8%, with the iron ore miners also under pressure today. RIO off 2.3%, FMG down 1.6%. Lithium stocks also fell away, with PLS down 5.0% and LTR also falling 7.4%. Copper stocks were very much on the nose, following falls in resource and commodity prices overseas. SFR down 3.6%. Meanwhile, oil and gas stocks were also easier as the oil price slipped another 1.7% in Asian trade, with WDS down 2.9% and STO down 2.8%. Not much happened in the uranium sector, with PDN slightly firmer on some results from Canada.The banks also struggled today, with CBA holding up better than the other three, still down 1.3%, while NAB was the worst of the bunch, down 3.4% following JDO's results and the stock being hammered 40.4%. The theory is that NAB is the most exposed to the business sector. The Big Bank Basket fell 1.3%. Other financials were less affected, with the insurers once again pushing higher. QBE up 1.3% and MPL up 2.7%. Industrials were a bright spot today across the board, with WES pushing up 2.5%, ALL up 2.4%, and retail stocks performing better after the jobs numbers released today. This points to an improving economic backdrop. We also saw WOW and COL continue to receive buying as defensive plays. TLS rose 0.6%.The REIT sector also did well today, with GMG up 1.1% and CHC up 1.0%. Healthcare was a standout sector as CSL continued to power ahead, up 2.3% and RMD also had a good day out, up 4.6%, with SIG performing well too. Once again, though, we saw losses in the technology sector, with XRO down another 3.5% and WTC giving back some of its gains from yesterday, falling X%, with the All Tech Index unchanged at CPU rose 0.5%In corporate news, A2M rose after declaring a special $300 million dividend. TEA also upgraded its earnings growth forecast, and THL received a fresh offer from a mystery suitor valuing the company at between NZ$3.30 and NZ$3.40 a share. JDO 40.4% smashed on higher provisions and slowdown. WOR down 9.7% on a second profit warning. EIQ soared 30.2% on an investment from PME.On the economic front, the headline unemployment rate fell to 4.4% in May, with employment rising by 40,000 and the number of unemployed people falling by 18,000. Most of the jobs growth, however, came from part-time employment, with only 5,000 new full-time jobs created.Nikkei 225 up 4.5%, South Korea up 7.0%, HK down 1.3% and Shanghai up 1.7%.US futures mixed, Nasdaq up 600 plus – Dow Jones up 65Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 slipped 13 points to 8816 (0.1%) in a quiet day of trade, oscillating between small gains and small losses. Banks remained solid, with CBA the star of the show, up 0.6%. MQG, though, fell 0.8%, while insurers were better, with QBE rising 1.5% and IAG up 3.0%.There was not much action in the REIT sector, with SCG up 1.1% and GMG largely unchanged.Elsewhere, it was a mixed picture across industrials and technology stocks. SGH rose 3.0% following the announcement of a $500 million buyback. However, we once again saw selling pressure in the tech sector, with REA down 3.1%, CAR off 3.3%, and XRO falling 4.5%, dragging the All - Tech Index down 2.6%.The biggest loser in the sector today was WTC, which crashed 18.4% after media reports revealed founder Richard White is under AFP investigation over alleged trafficking offences. And yet nothing from the company!In healthcare, CSL gave back some of last week's gains, off 3%, while PME rose 1.1%.Resources were also mixed, with BHP down 1.7% and RIO lower. Gold stocks perked up on the back of higher bullion prices, with EVN rising 3.4% and NST rallying 1.6%. Lithium stocks, however, came under pressure, with PLS down 6.0% and MIN falling 3.6%.Oil and gas stocks were modestly weaker, while uranium stocks followed a similar path.In corporate news, ING fell early before recovering to close down X% after imposing a full lockdown due to avian influenza concerns in Western Australia. MTS was also 1.9% weaker following an update on supermarket sales. A2M edged 0.9% higher after confirming it would proceed with its $300 million special dividend, while CCP withdrew its bid for HUM.There was nothing on the economic front locally, Nikkei 225 up 1.7% South Korea up 0.6%, HK down 0.5% and Shanghai up 1%. -0.5 US Futures - Dow Jones down 82, Nasdaq down 42. After fair value, small gains.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 staged a remarkable comeback to finish down only 20 points at 8633 (-0.2%) after falling nearly 100 points in early trade. A stronger US futures market helped, as did a calming in the oil price and the absence of any collapse in Korea.Once again, though, we saw sector rotation, with the banks still under pressure. CBA fell 2.4%, WBC dropped 2.6%, and MQG eased 0.7%. The Big Bank Basket fell to $260.43 (-2.3%). Other financials performed slightly better, and insurers continued to do well, with QBE the star of the show, up 3.7%. REITs also gained, with CHC up 2.8% and SGP rising 3.3%. Industrials were a mixed bag. The rally in WES continues, and retail stocks held firm, with TLS up 0.4% and both WOW and COL continuing their strong winning streaks.Technology was once again very much on the nose, with tax-loss selling and ongoing pessimism surrounding SaaS business models. XRO fell 3.6%, WTC dropped 2.8%, and NXT was hit hard as well. Healthcare was a mixed bag of lollies, with CSL continuing to push higher, gaining another 4.2%. However, RMD fell 0.9%, while SIG continued to drift lower on concerns about a UK expansion push.Meanwhile, resources recovered some poise, although the move lacked conviction. BHP rose 1.0%, and some lithium names improved, with PLS rising alongside LTR, which enjoyed a strong day, up 4.2%. Gold stocks also found some support, with EVN up 2.1% and RMS also edging higher. Oil and gas stocks were stronger, with WDS up 1.6% and STO jumping 2.0%. While coal stocks recovered, uranium stocks continued to struggle.In corporate news, LLC rose 4.6% following the appointment of a new CEO and the maintenance of guidance between 28 cents and 34 cents. NST fell slightly as Elliott Investment Management called for further board changes. SXL dropped 4.4% after the company downgraded its full-year earnings outlook and announced 300 job cuts. AAI fell 8.3% following a warning about its Middle East operations.In economic news, the CBA said the RBA is likely to keep rates on hold for the first time this year. Australian wages rose 0.8% in May, with consistent growth recorded over the last 18 months.Asian markets weaker. Japan flat, Hong Kong down 1.0%, and China down 0.7%. South Korea fell slightly.US futures: Dow up 88 and Nasdaq up 150. Oil up 1.0%. Europe opening easier. ECB expected to hike rates today.Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice. 

The ASX 200 showed solid gains to finish up 49 points at 8,653. Once again, it was the tale of two cities, with the best of times and the worst of times. The banks held steady, with CBA down 0.2%, and WBC doing well, up 2.0%. Insurers also pushed higher, led by QBE up 2.4%, and even ASX up 0.6%, with the Big Bank Basket at $266.54. Elsewhere, industrials were once again stronger, with defensive stocks taking the bull by the horns. WES rose 4.3%, TLS rose 2.0%, and both the supermarket stocks WOW and COL did very well, building on recent gains in the healthcare space. CSL was also strong as it looks to have turned the corner, up 3.5%, with SHL also firm, although SIG fell 5.5% on the back of media speculation that it was looking at buying the Boots chemist chain in the UK. REITs were positive, with GMG up 1.6%, CHC up 1.8%, and other industrials faring okay. Retail also had a good bounce, with JBH up 3.5% and ALL up 2.2%. Technology stocks were still very much in the doghouse, with XRO down 2.0%, TNE down 2.3%, and NXT down 4.1%. Utilities firmed in this environment, and the All-Tech Index fell 1.8%.Meanwhile, resources were once again on the nose, with BHP up 0.2%, and RIO and FMG also falling as iron ore came under pressure. Lithium stocks fell, PLS down 1.7%, and LTR falling a big 8.0%, with MIN also suffering heavy losses. The gold sector was also slammed again as the gold price fell out of bed, with NST down 3.5%, EVN falling 5.0%, and RMS also having a bad day, down 3.8%. Over in the energy space, Woodside slipped slightly, and Santos pushed ahead somewhat, with coal stocks under pressure, WHC down 4.4%, and uranium stocks still on the nose.In corporate news, SDF rose 36.2% after receiving a $6.00 non-binding indicative offer. IGO fell hard after a fire broke out at the Chemical Grade Plant 3 facility at Greenbushes. WES had a good investor day reaction, saying it would drive growth through AI and data monetisation. Citi downgraded banks following the budget changes. In economic news, the ANZ-Roy Morgan consumer confidence rose for the second consecutive week, lifting two points to 70.8.Asian markets weaker. Japan down 1.9% Hong Kong down 0.9%, and China down 1.1%. South Korea falls again.US futures: Dow down 78 and Nasdaq down 132. Oil down 1.5%. Europe opening easier. Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice. 

The ASX 200 closed down 21 points at 8604 (0.2%), well off its lows for the day, with most sectors rallying throughout the session and the banking sector staging a turnaround. CBA fell 0.3%, with the Big Bank Basket easing only slightly to $265.42 (0.4%). Financials were generally firm, with MQG up 0.7%, while the insurance sector also performed well, led by QBE up 0.9% and MPL higher. REITs enjoyed a solid session, with GMG up 0.3% and SCG rising 1.6%. TLS also had a strong day, gaining 2.2%, although REA was a disappointment, falling heavily. Both WOW and COL posted gains as defensive buying in the supermarket sector helped push them higher. Retail stocks were also in demand, led by WES up 1.3% and APE rising 4.3%.Healthcare was another bright spot, with CSL recovering a further 1.6% and RMD also posting gains. Elsewhere, technology stocks remained under pressure but recovered from their lows, with XRO down 1.1% and WTC off 4.6%, while the All-Tech Index fell 0.1%.It was a different story in resources, although the sector also bounced from early lows. BHP fell 1.9% and RIO dropped 1.8% as iron ore and copper prices weakened. Gold stocks were also under pressure, with NST down3.3% and NEM lower. Lithium stocks slipped away, with MIN falling 2.6% and LTR off 3.3%. In energy, WDS rose alongside STO, although gains were relatively muted. Uranium stocks came under heavy pressure, with PDN dropping 8.8% and DYL down 7.6% as short sellers gained the upper hand.In corporate news, OML had a good day, up 9.6%, after receiving yet another NBIO, this time from Bain Capital. QUB rose 0.4% after the PNG competition regulator backed the company's planned takeover by Macquarie. On the economic front, NAB is now saying the next move in local interest rates is likely to be a cut. Business confidence rebounded as price pressures softened, according to the NAB Business Survey. However, Australian consumer confidence slipped back towards record lows, with the Melbourne Institute-Westpac Consumer Sentiment Index falling to 80.6, one of the lowest readings in its history.Asian markets mixed. Japan up 2.1%, Hong Kong up 0.1%, and China up 0.8%. South Korea jumps 8%.US futures: Dow up 8 and Nasdaq up 170. Oil down 1.5%. Europe opening slightly easier. Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice. 

The ASX 200 fell 100 points to close at 8686 _1.1%), with losses across the board. Banks held up better, with CBA down 0.6%, and WBC the worst of the bunch, down 1.7%, with MQG also falling 1.1%. The Big Bank Basket dropped to $270.46 (-1.8%). Insurers were better as bond yields rose, with QBE up 1.2% and the rest of the financials losing ground. Tech stocks were struggling today, with XRO falling back to earth by 4.2% and the All-Tech Index falling 1.4% as profit-taking moved in after the recent bounce. In the industrials, we saw TLS fall 2.9%, although defensive stocks bucked the downtrend, with WOW and COL both positive, along with utilities ORG and APA. Healthcare stocks were showing some signs of life, with RMD finding a bottom, at least temporarily, up 2.6%, and CSL up 0.4%. The real damage, though, today was done in the resource sector, as the iron ore price came under pressure and profit-takers moved into the iron ore stocks, with BHP down 3.3%, RIO down 3.3%, and FMG down 4.1%. Elsewhere in the gold space, we saw selling again in NST, off 6.1%, and EVN falling 3.0%, with lithium and rare earth stocks all under pressure. PLS dropped 4.5%. Big losers today as well were the big winners yesterday in the uranium sector, with PDN falling 8.2% and DYL down 5.2%. The oil and gas space was modestly higher, with both Woodside and Santos rising, together with coal stocks, with WHC rising 3.0%.In corporate news today, PME secured a five-year renewal in the U.S. TWE had a very good day as it presented to investors with no downgrades and some optimistic outlook statements. IPX fell 4.6% after its DFS study for its Critical Minerals project in Tennessee.Nothing significant on the economic front, although we did have some international goods trade data out, showing exports increased 7.2%, driven by metal ores and minerals.Asian markets mixed. Japan down 1.5%, Hong Kong down 1.4%, and China down 0.6%. South Korea eases back around 1.6%US futures: Dow up 26 and Nasdaq down 151. Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 rallied hard off lows to close down 5 pts at 8724 (0.1%). CBA turned around, recovering well, the Big Bank Basket closed at $269.61 (- 0.8%). Insurers slipped, led by QBE off 1.3% and IAG down 2.2%. REITs too were under pressure, GMG off 0.4% and CHC falling 1.0%. Healthcare remains in the kennel, CSL falling another 1.7% with RMD off 2.1% and COH down 4.3%. Industrials slipped a little, BXB down 1.6% and ALQ falling 1.1%. Retail stocks were also on the nose following the minimum pay award update. JBH crumbled 5.4%, NCK down 3.1%. DMP dropped 5.9% on the wage news. Tech stocks were the stars of the show again today, WTC up 7.9% and XRO jumping 7.5%, with the All-Tech Index up 3.9%. REA had a good day, as did CAR.BHP and RIO once again pushed higher on copper exposure, the Big Australian hitting new records, up 1.4%. Gold miners recovered, with NST shooting the lights out as activist shareholder Elliott took a big position and called for change. Uranium stocks eased back again, PDN down 5.9% and DYL falling 5.3%.In corporate news, SRG jumped 16.6% on $1.85bn in new contracts. TEA soared 16.2% on an acquisition, DRO up 3.6% on a new $24.1m contract, and 4DX had a bad day on CT news. NST jumped on calls for change. On the economic front, consumer sentiment rose and the BoP fell as exports eased back. Asian markets mixed. Japan down 0.5%, Hong Kong up 1.8%, and China up 1.3%. US futures: Dow down 172 and Nasdaq down 83. Oil up 1.2%.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 took a dive today, down another 125pts at 8593 (1.4%), as the peace deal in the Gulf is starting to slide away. Banks and gold bore the brunt of the selling, with CBA off 2.1% and WBC down 1.3%, with the Big Bank Basket at $269.32 (-1.9%). Insurers also fell hard, QBE down 2.8% and IAG off 1.6%, with financials generally easier, while ASX continues lower.REITs also fell as bond yields rose, GMG off 1.2% and SCG down 0.8%. Old-school platforms remained under pressure, SEK down 3.9% and REA off 1.1%. Tech fell hard too, XRO off 2.6% and WTC falling 1.6%. The All-Tech Index dropped 1.1%. Healthcare was also under pressure, CSL fell 1.7% and RMD down 1.4%. Supermarkets held up. Industrials slid, BXB down 2.5% and QAN falling 1.5% as oil prices rose.Resources were sold down as bullion fell heavily and gold stocks turned nasty, NEM down 7.5% and EVN off 7.7%. Lithium stocks held up, PLS up 0.3%, while rare earths fell, LYC off 2.5%. Uranium stocks drifted lower, PDN down 1.7%. The big iron ore miners were also under pressure, BHP down 1.2% and RIO falling 2.5%.In corporate news, SDR rallied 8.6% after a new partnership deal. CSL dropped again despite the new CEO topping up his holding. VUL rose 2.3% as its financing package closed. And EOS had a good day, up 4.2% on some new director signings.On the economic front, April household spending collapsed much more sharply than expected, down 1.1% over the month.Asian markets eased. Japan off 0.5%, HK down 1.4% and China off 0.1%.US futures down slightly, Dow down 12 and Nasdaq off 141. European markets set to open around 0.7% lower. Oil up 3% on renewed hostilities.—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 kicked off the week up 35 points to 8692 (0.4%) as optimism on a peace deal washed through. Some scepticism remains, so it was a cautious start to the week. US markets are closed tonight. Banks held firm as NAB rose 1.1% and CBA dropped 0.7%. The Big Bank Basket was steady around $275.42. Insurers slid as yields fell, QBE off 2.1% and MQG lost 1.1%. Other financials were mixed, ASX down 1.2% with HUB up 2.4%. REITs were mixed too, GMG down 0.8% but CHC doing well on an upgrade, up 6.7%. Industrials were mixed, with defensives out of favour. TLS fell 0.9% and REA off 0.3%. WOW and COL steady. Retail rose as bond yields slid, WES up 1.5% and JBH up 1.3%. Tech found its feet, WTC up 0.8% and XRO rising 1.0%, with the All-Tech Index down 0.5%.In resources, RIO and FMG were all up around 1.6% or better. BHP rose 0.6%. Gold miners bounced hard, NST up 5.7% and EVN up 4.2%, with copper stocks also trading higher, SFR up 2.2%. Lithium and rare earths were mildly positive, LYC up 0.7% and MIN rising 2.7%. Oil and gas stocks eased back, WDS down 4.2%, and coal stocks had a great day after issues at one mine in China.In corporate news, QAN announced the London-Sydney non-stop route would be delayed by a year. It rallied 5.8% on oil falls. CHC rallied on another earnings upgrade. BPT fell 1.3% after selling a 60% stake in its Otway Basin project.In economic news, nothing today.Asian markets were better, with Japan up 3.1%, Hong Kong up 0.9%, China up 0.8%, and the Kospi up modestly. US futures were better, with the Dow up 404 and the Nasdaq up 420.  Oil down 5.5% The US and UK are closed today.—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 gave up yesterday's gain and more, dropping another 108 points to 8,497 (1.3%) as the rout continues. Resources bore the brunt of the selling as inflation fears stoked higher rates and tore through commodities. BHP fell 2.3% and RIO off 1.5% with gold miners under pressure again, EVN down 4.9% and NEM falling 4.5%. Oil and gas firmed, but uranium stocks eased back, PDN down 4.5%. Lithium stocks found some friends with PLS up 1.9%. Industrials were also weak across the board as TLS fell 1.1% and REA dipped 2.0%. Tech stocks couldn't shrug off the negativity despite good results from CAT and broker upgrades to TNE. Healthcare drifted lower.Banks were hit hard as one broker said conditions were tough, WBC fell 2.4% with ANZ off 2.1% and the Big Bank Basket falling to $269.72 (0.8%). Other financials also under pressure, MQG fell 2.0% and NWL and HUB dropped. Insurers also saw sellers, QBE off 1.0% and IAG down 0.4%. REITs fell as bond yields rose again. GMG down 2.1% and CHC falling 3.3%.In corporate news, WJL tumbled 11.2% after earnings came in worse than expected and guidance was moved down. JHX fell 0.9% after lacklustre results too. EOS tumbled 10.3% as it raised funds at 800c and FLT fell 3.6% after a US$5m US strategic acquisition.On the economic front, total wages and salaries paid by employers rose 1.4% to a record $110.6bn in March. National Australia Bank says weekly consumer spending patterns have stabilised with travel especially weak.Asian markets fell, Japan down 1.6%, Hong Kong down 0.7%, China flat. Kospi down 2.8%.US futures mixed with Dow down 31, Nasdaq up 32. European futures opening around 1% lower. Oil down slightly.Nvidia tonight in the US. European futures opening around 0.6% lower.—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 bounced back 99 points today to 8605 (1.2%) as banks led the recovery. CBA gained % with the Big Bank Basket up to $271.83 (=1.5%%). NAB the standout gaining 2.0%. MQG also had a good day up 1.9% and insurers did well as higher bond yields helped, QBE up 2.9% and MPL rising 2.1%. REITs also had a better day with GMG up 1.8% and CHC up 2.2%.Industrials were firm, WES finally finding buyers up 2.4% and TLS gained 2.6%. WOW and COL both did very well on some broker upgrades. Healthcare also found support, CSL up 2.6% and RMD gaining 2.0%. BXB fell another 0.6% and TUA up 17.6% after a 68% fall yesterday. Tech slightly better with the All-Tech Index up 0.8%.Resources eased back, iron ore off in Asia, BHP down 0.1% and FMG down 0.3% with gold miners mixed, NEM up 1.8% and NST falling 0.7%. Lithium and rare earth stocks slid, LYC down 4.3% and PLS falling 1.3%. Oil and gas stocks held, uranium stocks gained, coal better too.In corporate news, MIN rose 2.6% after it announced a restart at Bald Hill, SLC flagged a 4.5m share purchase for staff. TNE fell 2.9% as FX headwinds hurt.On the economic front, RBA minutes pointed to a pause perhaps from the RBA.  Asian markets bounced a little, Japan down 0.5%, HK flat, China down 0.4% Kospi down 2.8%.US futures lower with Dow down 39, Nasdaq down 105.  European futures opening around 1% lower. Oil down around 2%.—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Sinds de uitbreiding van de Australische verzekeraar QBE naar Nederland heeft de wereld te maken gekregen met oplopende inflatie, meerdere geopolitieke conflicten en handelsoorlogen. Wat zijn de gevolgen daarvan op de Nederlandse tak van een van 's werelds grootste verzekeraars? Sebastiaan Lambalk, General Manager Nederland bij verzekeringsmaatschappij QBE is te gast in BNR Zakendoen. Macro met Boot Elke dag een intrigerende gedachtewisseling over de stand van de macro-economie. Op maandag en vrijdag gaat presentator Thomas van Zijl in gesprek met econoom Arnoud Boot, de rest van de week praat Van Zijl met econoom Edin Mujagić. Ook altijd terug te vinden als je een aflevering gemist hebt. Blik op de wereld Wat speelt zich vandaag af op het wereldtoneel? Het laatste nieuws uit bijvoorbeeld Oekraïne, het Midden-Oosten, de Verenigde Staten of Brussel hoor je iedere werkdag om 12.10 van onze vaste experts en eigen redacteuren en verslaggevers. Ook los te vinden als podcast. Economenpanel/Beleggerspanel/Lobbypanel/Boardroompanel/Ondernemerspanel Na een periode van acht jaar is Jerome Powell afgezwaaid als Fed-voorzitter. En: het IMF kraakt de Nederlandse vrijheidsbijdrage. Dat en meer bespreken we in het economenpanel met: Hans Stegeman, hoofdeconoom van Triodos Bank. En Steven Brakman, hoogleraar internationale economie aan de Rijksuniversiteit Groningen. Luister l Economenpanel Zakenlunch Elke dag, tijdens de lunch, geniet je mee van het laatste zakelijke nieuws, actuele informatie over de financiële markten en ander economische actualiteiten. Op een ontspannen manier word je als luisteraar bijgepraat over alles wat er speelt in de wereld van het bedrijfsleven en de beurs. En altijd terug te vinden als podcast, mocht je de lunch gemist hebben. Contact & Abonneren BNR Zakendoen zendt elke werkdag live uit van 11:00 tot 13:30 uur. Je kunt de redactie bereiken via e-mail. Abonneren op de podcast van BNR Zakendoen kan via bnr.nl/zakendoen, of via Apple Podcast en Spotify. See omnystudio.com/listener for privacy information.

De Australische verzekeraar QBE had Nederlandse klanten, maar nog geen Nederlandse locatie. Dat is sinds 2023 anders: de verzekeraar is nu ook in Amsterdam te vinden. Maar waarom was er een nieuwe locatie nodig? In ‘De top van Nederland’ een uitgebreid gesprek met Sebastiaan Lambalk, General Manager Nederland bij verzekeringsmaatschappij QBE. Presentator Thomas van Zijl vraagt hem waarom de het Nederlandse coassurantiemodel zich zo goed leent voor QBE en of cyberverzekeringen het grote verdienmodel van de toekomst zijn. Over QBE QBE is een van 's werels grooste (her)verzekeraars. Het bedrijf heeft in 2023 ook de stap naar Nederland gemaakt, waar het bedrijven in o.a. de cyber-, farmaceutsiche en goederentransportbranche verzekerd. Over Thomas van Zijl Thomas van Zijl is financieel journalist en presentator bij BNR. Hij presenteert dagelijks ‘BNR Zakendoen’, het Nederlandse radioprogramma voor economisch nieuws en zakelijk inzicht, waar 'De top van Nederland’ onderdeel van is. Ook is hij een van de makers van de podcast ‘Onder curatoren’. Abonneer je op de podcast Ga naar ‘De top van Nederland’ en abonneer je op de podcast, ook te beluisteren via Apple Podcast en Spotify. See omnystudio.com/listener for privacy information.

The ASX 200 eased back another 10 points to 8631 (0.1%), capping off a miserable week at the index level. The index fell 1.3% this Budget week, mainly as banks crashed with CBA in focus. Banks made up some lost ground after significant falls this week, with CBA up 1.9%, ANZ up 1.1%, and the Big Bank Basket rising to $266.97 (1.4%). Insurers had a good day, with QBE rising 1.9% and SUN also doing well. REITs strengthened, with VCX up 1.6% and GPT also leading the charge. Industrials were firm too, with stocks like SHG, REH, and WOR all posting solid gains today. Even the supermarkets WOW and COL were firmer despite recent court woes.Healthcare edged higher, with RMD up 1.2% and CSL finding some friends, up 0.7% , but the real stars of the show today were, surprisingly, the tech space, with XRO bouncing 8.1% following yesterday's results and WTC also having a strong day, with the All-Tech Index bouncing 2.3%.Whilst banks, industrials, and technology stocks were firm, resources were well and truly on the nose today as inflation continues to plague the market, or at least traders' thoughts. Copper and gold both eased back, with BHP down 2.6% and RIO falling 3.2%. The gold stocks were also under pressure, with NEM falling hard, as did EVN, down 5.5%. Lithium stocks also took a breather, and news that Chris Ellison had sold part of his holding in MIN also weighed on the sector, down 7.7%. The oil price continues to bubble higher, with no resolution, it seems, on the blockade in the Gulf. WGS did well, up 2.1%, and STO also had a blinder today, rising 2.7%. In corporate news, EOS shot the lights out as it prepares to take control of MARSS Defence Technology in the coming days, while also securing a $165 million order from an existing Middle Eastern customer. TWE added 1.9% after French billionaire Olivier Goudet lifted his stake in the company.Nothing on the economic front. Asian markets drop hard, Japan down 2.1%, HK off 1.6%, China down 0.8%, Kospi off 6%.US futures lower with Dow down 184, Nasdaq down 367.  European futures opening around 1% lower.—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The Australian share market is poised for gains on Friday as US technology stocks continue their record-breaking rally, driven by AI and semiconductor strength. Investors are monitoring the Trump-Xi summit in Beijing alongside solid US economic data, while keeping watch on upcoming mega IPOs that could reshape tech sector demand. Locally, QBE and Auckland Airport earnings are in focus. James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, take you through all the key numbers. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

The ASX 200 we dropped 134 points to 8744 (-1.5%) today as the banking sector came under extreme pressure. We saw CBA down 1.9%, WBC down 4.8% ex-dividend today and the Big Bank Basket falling to $288.50 (-2.3%). Other financials also under pressure today, with the insurers falling as QBE updated the market on their gross written premium expectations and MQG suffering after reporting their second-biggest profit ever, falling 1.1%. Other financials also in trouble today included GQG falling 4.1% and the ASX down 3.2% too, with ZIP giving up some of its gains this week. REITs also under pressure with GMG down 1.9% and SCG down 2.4%. Industrials generally were weaker today, with WES continuing to fall as well, down 2.0% with ALL slipping lower too. Healthcare once again eased back, with CSL falling again and RMD slipping 0.9%. Both COL and WOW slipped today, as well as utilities, where we had ORG down 2.3% and APA down 2.0%.Resources generally were somewhat better than their banking cousins, with BHP down only 1.0%, RIO off 0.8%, and the gold miners easing back, but generally a little mixed, and we had NST down 2.5%. Lithium stocks slipped, and we saw energy stocks as well under some pressure, with WDS down 1.4% and the coal stocks easing back together with uranium stocks.In corporate news today, REA rose 1.4% despite lowering its full-year cost growth guidance. QBE reaffirmed its guidance, and TAH continued to fall on analyst downgrades following the investigation launched by AUSTRAC. We also had NWS results today with a stronger-than-expected third quarter.Nothing on the economic front as we await US NFP numbers for April. Locally, Westpac pushed out its next RBA rate rise to August. UK Council elections see 'Reform' doing well.Asian markets saw losses today; Japan slipped 0.4% on the Nikkei, HK down 1.1% and China down 0.5%.US futures slightly higher. Dow up 85, Nasdaq up 137. European markets set to fall around 0.7%.—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Australian shares face headwinds on Friday as Middle East peace negotiations between the US and Iran stall, weighing on global markets. Wall Street retreated from record highs as semiconductor stocks pulled back after an extraordinary year. Local earnings from Macquarie, QBE, REA and News Corp will guide the ASX, with the federal budget looming next week.Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

The ASX 200 popped 64 points higher today to 8730, up 0.7%. Ends longest losing streak since 2018. Down 0.7% for the week. Banks were flat following a slightly disappointing outlook from the CEO of ANZ as the first bank to deliver its profit result. The Big Bank Basket closed at $286.93 (-0.6%). The rest of the finance sector did well, though, with MQG pushing up another 1.3% ahead of results next week. Insurers also did better, with QBE rising 0.6% and IAG having a very solid day. Whilst over on the REIT sector, we saw good strength across the board, with GMG up 1.3% and GPT up 1.3%. Industrials were a mixed picture, with WOW still smarting after its comments yesterday on earnings guidance down %, whilst COL rose 3.7% after its own trading update. Tech stocks were once again mixed, with WTC rising 2.4% and XRO also slightly firmer, with the All-Tech Index up 0.8%. Health care once again had another mixed picture, with RMD falling 3.5%. Although CSL managed to hold firm, COH found some friends up 5.1%.The real action today was in the resource sector, as we saw a bounce back in the iron ore majors, with BHP up 2.3% and RIO doing very well, up 2.7%. Once again, lithium stocks were in demand, with LTR featuring very strongly and PLS also up 2.0%. The gold miners were better, as the bullion price picked up and some end-of-week book squaring with EVN up 2.1%. In the oil and gas space, WDS slipped 1.3% and STO was unchanged, with coal stocks slightly firmer and uranium stocks picking up some ground after a volatile week.In corporate news today, we had the ANZ result, with COL also delivering an in-line result. Nothing on the economic front, though analysts are falling over themselves to predict that the RBA will raise rates next week.Asian markets mixed as Japan up 0.6% and China and HK easing back. US Futures pushed slightly higher with the 10-year yields easing to 5.02%—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 fell 21 points to 8666 (0.2%). Banks held firm as resources struggled against a sea of oil troubles. As crude rallies, commodities elsewhere are falling. ANZ results kick us off in the morning and the Big Bank Basket firmed to $ 288.69 (+0.9%). Other financials did well too, SOL up 2.6% with AMP better and insurers also doing well, QBE up 0.8% and MPL up 1.7%. REITs better too, GMG up 2.2% and SCG rising 1.6%. Industrials had a green tinge, WES rallied 0.8%, BXB 2.5% better and REA jumped 1.5%. Tech stocks got a boost from US tech, WTC soaring 3.4% with NXT up 1.7%. The All-Tech Index up 0.5%. Healthcare mixed, CSL falling another 1.1% with RMD in trouble, off 1.9%.Resources bore the brunt of the selling, BHP off 2.2% with FMG down too, gold miners slid, NST off 2.7% and EVN falling 5.3%. Higher oil prices hurting. S32 collapsed 5.4% on an update from a US project, MIN jumped 3% on an update and lithium stocks slipped lower. LTR down 3.3% and IGO off 1.9%. Oil and gas pushed ahead, WDS up 1.5% and STO up 3.0%. Uranium stocks sold down, PDN off 4.7% and LOT fell 34.0% on production issues. In corporate news, EOS reported a $518m contract backlog. 4DX has a cash balance of $282.7m. Operating revenue rose 12% to $5 million with gross margins above 90%. WOW was smashed 7.8% on an update as higher diesel costs are starting to impact profits. The ASX announced Daniel Yip will take over as interim CEO.In economic news, prices for imports rose 0.1% in the March quarter 2026 but fell 0.3% over the last 12 months. ECB and BoE tonight.Asian markets slide, Japan down 1.1%, China down 0.3% and HK off 1.3%.Dow Futures down 280, Nasdaq down 80. Oil hits wartime high.—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

In this episode, Robin Merttens moderates a panel with Tessa Wardle of QBE, Emily Stanford of Gallagher and Jonathan Spry of Envelop Risk, recorded live at the InsTech London event Some lead, others follow: Smart underwriting and broking strategies for 2026.  As algorithmic underwriting and portfolio solutions reshape the London Market, insurers, brokers and reinsurers are rethinking how risk is placed, followed and managed at scale. Facilities are multiplying, digital trading models are emerging and data is becoming the foundation of increasingly automated underwriting decisions.  Drawing on perspectives from underwriting, broking and reinsurance, the panel explores what portfolio underwriting really looks like in practice today. They discuss how facilities are evolving, why broker strategies are changing and what it takes to run sustainable portfolio capacity in a market that is becoming more digital and more data-driven.   At the centre of the discussion is a growing tension between ambition and infrastructure. The market wants faster placement, smarter capital allocation and more algorithmic decision-making, yet many firms are still wrestling with fragmented data, legacy systems and inconsistent standards.  In this conversation, Tessa, Emily and Jonathan share:  Why portfolio solutions have become one of the fastest-growing models in the London Market  How brokers are evolving their placement strategies as facilities and pre-placed capacity expand  Why selecting the right portfolio leader is critical for long-term facility performance  How improving data quality is becoming a prerequisite for digital trading and algorithmic underwriting  Why incentives across brokers, carriers and reinsurers matter when it comes to better data  How AI is reshaping risk, creating new liability exposures and changing how insurers analyse emerging threats  Why capital providers are increasingly demanding greater transparency and portfolio insight If you like what you're hearing, please leave us a review on whichever platform you use or contact Robin Merttens on LinkedIn.  Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.

What if your treasury function could run smarter, not harder?David Mazzola, Head of Treasury at Norstella shows how a systems-first mindset turned chaotic spreadsheets into scalable, global treasury operations - and how you can do the same.David Mazzola is the Head of Treasury at Norstella, a global pharma intelligence solutions provider.Known for being “tech-obsessed,” David has led treasury transformations across insurance, tech, and pharma by embedding systems thinking into every function he touches.In this episode, David shares how a deep interest in technology shaped his unconventional path into treasury and helped him drive transformation at companies like QBE, Spotify, and now Norstella.You'll hear how he implemented treasury management systems across global teams, why many organizations fail at tech adoption, and how automation tools like RPA can radically reduce manual workloads.If you're a treasury professional looking to modernize your function - or just want to understand how to lead with systems thinking - this episode is packed with practical strategies and real-world lessons.What We Cover in This Episode:How David transitioned from banking operations into corporate treasuryEarly lessons from building treasury systems from scratch at QBEWhy many treasury functions fail at tech adoption - and how to avoid itImplementing KYRIBA across global regions and its organizational impactWhat David learned by contrasting organic treasury builds (like Spotify) with post-M&A integrations (like Norstella)How robotic process automation (RPA) helped slash 20 hours of work into 45 minutesBalancing urgency with control when building treasury infrastructure fastWhy treasury leaders must keep their eyes on liquidity, risk, and future scalingDavid's take on the future of treasury - from AI to blockchain to better B2B payment flowsYou can connect with David Mazzola on LinkedIn.---

Have you ever been told you're too direct, too logical, or even that you “lack empathy” - and wondered what empathy actually means? In this episode of It's a Mindset, I'm joined by Daniel Murray, a leadership speaker, coach and consultant who specialises in helping people unlock performance through curiosity, empathy and emotional intelligence - without losing rigour or results. Daniel brings a fascinating blend of strategic thinking and human understanding to leadership. With a background in mathematics, corporate strategy and executive leadership, he helps leaders develop what he calls the tough skills - the ones that truly shape culture, trust and performance. This conversation genuinely intrigued me. Having been accused at times of not being empathetic, I was deeply curious to unpack what empathy actually is - and what it isn't - especially in high-performance environments. Together, we explore how empathy shows up in leadership, why it's often misunderstood, and how leading with empathy doesn't mean being soft - it means being effective. Key Episode Takeaways: What empathy really is (and the different types of empathy) How to tell if you're actually empathetic - or just well-intentioned Why kindness matters just as much for yourself as it does for others How empathic leadership builds trust, safety and commitment Why understanding others is the foundation of leadership that truly works If you're a leader, coach, parent, or anyone navigating relationships where influence matters, this episode will challenge the way you think about empathy - and invite you to lead with more understanding, clarity and intention. About the Guest: Daniel Murray (BSc, MBA Exec) helps frustrated people leaders unlock the true performance of their people by developing curious and empathic skills to harness the 'tough skills' of leadership. His degree in mathematics and background in corporate strategy provides Daniel with a unique perspective blending strategic thinking with empathy and emotional intelligence in practical and pragmatic ways. His clients rave about his ability to bring humour and fun to the challenges of people leadership and make complex neuroscientific concepts simple and practical to implement. As a professional speaker, trainer, coach and consultant, Daniel is able to help clients harness their most powerful assets, their people, through leadership skills that work. He has worked with clients such as BHP, Lion, ASX, Allianz, Chubb Life Insurance, Tyro Payments, CBA, QBE, Swiss RE, Nova Entertainment, Perpetual, Genpact, The Executive Connection, The CEO Institute, Bulbeck group and Applied Medical. Building a committed team is one of the hardest and most important skill for every leader, Daniel helps his clients become empathic leaders worth following. Show Resources: Connect with Daniel on LinkedIn - HERE Check Out Daniel's Website - HERE Learn More About Daniel's Book, The Empathy Gap - HERE Follow Emma, the Podcast Host on Instagram - HERE Learn More About 1:1 Coaching with Emma - HERE Book a FREE 30-Minute Call with Emma - HERE If you loved this episode, please share it on your Instagram stories and tag @emmalagerlow - it helps the podcast reach more people who need these conversations. Yours in Leading with Empathy, Emma. X.

Ron Roberts breaks down the AJC/Politically Georgia forum and a new survey of 1,000 likely Democratic primary voters: Keisha Lance Bottoms holds 40%, Michael Thurman 11%, Jeff Duncan 5%, Jason Estevez 3%, Derek Jackson and Rua Roman 1%, with a massive 40% still undecided.Duncan courts skeptics with a $1.4B “Jumpstart Fund,” vows to expand Medicaid, overhaul QBE, and sign a Day One order against Georgia's six-week abortion ban—then stumbles in the lightning round by naming Nathan Deal as his favorite Georgia governor, before redeeming himself with a homelessness-focused book pick.Bottoms touts executive chops—$180M in reserves, 7,000 affordable units, and worker pay boosts—positions herself as results-first over ideological labels, and defends the Public Safety Training Center.Thurman leans on deep state and county experience, early work on CAPS and transitional Medicaid, and a pledge to finally expand Medicaid statewide.With Raffensperger and Carr in the Q&A—and Burt Jones a no-show—Ron connects the dots to a choppy economy and travel turmoil that could shape 2026. The race isn't settled; the stakes are now clear.Tune in to catch the Ron Show weekdays from 4-6pm Eastern time on Georgia NOW! Grab the app or listen online at heargeorgianow.com.#JeffDuncan #KeishaLanceBottoms #JasonEstevez #MichaelThurman #BradRaffensperger #ChrisCarr #DerekJackson #RuaRoman #HearGeorgiaNow #TheRonShow

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureUK, Germany and many other questions are struggling through the green new scam, this will not end well for them. People are experiencing Biden/Fed inflation from the past 4 years. Trump is countering this with low energy prices. Trump makes deal with China.  Obama now sending the message out to the infiltrators to get ready for the battles or we are finished. The [DS] will be moving from an information war to a physical war. Kash Patel countered and dismantles another [FF] . When the crimes are exposed the D party will cease to exist. They will fight to the very end because they do not want to go on trial. In the end this will all fail.   Economy Rooftop Solar Panel, Battery Installations Are Causing Fires in the UK The once-Great Britain has gone all-in on "green energy" as a matter of national policy, and it hasn't worked out too well for them. There's just one problem: They're catching fire. A surge in house fires caused by solar panels and their batteries is sparking safety concerns over Ed Miliband's plan for millions more rooftop installations. UK fire services faced a blaze involving a solar panel once every two days in 2024, according to data gathered by insurance company QBE, marking a 60pc increase in the past two years. That's a lot of fires, presenting a deadly danger - and a 60 percent increase in two years is nothing short of alarming. There may be more to it than just the solar panels, but they are certainly a contributing factor:   Source: redstate.com https://twitter.com/disclosetv/status/1984594356154831267 Canadian Prime Minister Mark Carney Confirms He Apologized to President Trump for Reagan Ad Effort   GYEONGJU, South Korea, Nov 1 (Reuters) – Canadian Prime Minister Mark Carney said on Saturday he had apologised to U.S. President Donald Trump over an anti-tariff political advertisement and had told Ontario Premier Doug Ford not to run it. Carney, speaking to reporters after attending an Asia-Pacific summit in South Korea, said he had made the apology privately to Trump when they both attended a dinner hosted by South Korea's president on Wednesday. “I did apologise to the president,” Carney said, confirming comments by Trump made on Friday. Carney also confirmed that he had reviewed the ad with Ford before it aired but said he had opposed using it. “I told Ford I did not want to go forward with the ad,” he said. The ad, commissioned by Ford, an outspoken Conservative politician who is sometimes compared to Trump, uses a snippet of Republican icon and former President Ronald Reagan saying that tariffs cause trade wars and economic disaster.   Source: theconservativetreehouse.com (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/KobeissiLetter/status/1984268764414631994   at +8.2%, Vermont at +7.0%, and Maryland at +7.0%. This was followed by West Virginia, New Jersey, and Massachusetts, with increases of +6.9%, +6.8%, and +6.6%, respectively. Concerningly, grocery prices in rural areas jumped +7.6% YoY compared to+5.6% for residents of large cities. US consumers are still drowning in inflation. People start feeling the effects of inflation almost immediately in tangible ways,

Speaking with the Leader's Edge podcast at the Insurance Leadership Forum, Julie Wood, CEO of QBE North America, discusses the culture of dialogue, thoughtful listening, and transparency that she is fostering at QBE. She shares candid learning experiences from her personal history that are truly valuable lessons for leaders everywhere.

Secure Boot for FreeBSD, Systems lie about their proper functioning, Teching the tech and rushing the endorphins, Passing a Device Into A FreeBSD Jail With A Stable Name, ZFS snapshots aren't as immutable as I thought, due to snapshot metadata, Let's write a peephole optimizer for QBE's arm64 backend, Migrate a Peertube instance from Debian to FreeBSD, and more NOTES This episode of BSDNow is brought to you by Tarsnap (https://www.tarsnap.com/bsdnow) and the BSDNow Patreon (https://www.patreon.com/bsdnow) Headlines Secure Boot for FreeBSD (https://forums.FreeBSD.org/threads/how-to-set-up-secure-boot-for-freebsd.99169/) The Fundamental Failure-Mode Theorem: Systems lie about their proper functioning (https://devblogs.microsoft.com/oldnewthing/20250716-00/?p=111383) News Roundup Teching the tech and rushing the endorphins (https://vulcanridr.mataroa.blog/blog/teching-the-tech-and-rushing-the-endorphins) Passing a Device Into A FreeBSD Jail With A Stable Name (https://blog.feld.me/posts/2025/09/passing-device-freebsd-jail-with-stable-name/) ZFS snapshots aren't as immutable as I thought, due to snapshot metadata (https://utcc.utoronto.ca/~cks/space/blog/solaris/ZFSSnapshotsNotFullyImmutable) Let's write a peephole optimizer for QBE's arm64 backend (https://briancallahan.net/blog/20250901.html) Migrate a Peertube instance from Debian to FreeBSD (https://www.tumfatig.net/2025/migrate-a-peertube-instance-from-debian-to-freebsd) Tarsnap This weeks episode of BSDNow was sponsored by our friends at Tarsnap, the only secure online backup you can trust your data to. Even paranoids need backups. Feedback/Questions -Steve - Interviews (https://github.com/BSDNow/bsdnow.tv/blob/master/631/feedback/Steve%20-%20Interviews.md) Send questions, comments, show ideas/topics, or stories you want mentioned on the show to feedback@bsdnow.tv (mailto:feedback@bsdnow.tv) Join us and other BSD Fans in our BSD Now Telegram channel (https://t.me/bsdnow)

SBS Finance Editor Ricardo Gonçalves speaks with Heath Moss from HLM Investors about the day's market action including an in-depth look at the Nick Scali and QBE results, along with Donald Trump's new pick for a temporary role at the Federal Reserve Board.

This month's episode of The Edge of Risk Podcast by IRMI welcomes Ryan Powers, head of construction at QBE. Listen in as Mr. Powers discusses the top risks that construction insureds worry the most about but often feel the least prepared for. In this 13-minute episode, Mr. Powers provides manageable action items to address cyber risks, addresses the benefits and challenges insureds face with technology, and discusses how collaboration in risk mitigation has resulted in reduced frequency in losses in the construction industry.