Markets @ Midday - Thursday 15th of October - ASX -11pts, BOQ, INA, WTC

Uh, plenty going on on the ASX.

This morning, the ASX two hundred trading down eleven points, point one of percent lower to eighty-seven sixteen.

Uh, we saw the, uh, index, uh, regathering some of its, uh, early losses.

Uh, we of course had a, a hotter than, uh, expected US CPI print overnight, which came in at plus six-- uh, plus point six of a percent, uh, month on month, and that's the fastest pace in five months.

That sent US Treasury yields sharply higher and triggered a global sell-off in technology and chip stocks overnight.

The recovery here locally off the lows came courtesy of, uh, domestic data.

We had Australian, uh, September unemployment rising to four point seven percent from four point six percent expected, and the economy shed thirty-nine thousand three hundred jobs versus a forecasted gain of twenty thousand jobs.

Uh, that has prompted traders to scale back RBA rate hike bets and provided some relief to rate-sensitive sectors.

Uh, so we had a low of around eighty-six forty earlier, and we've more or less rallied about seventy points, uh, off the back of that, uh, local macro data.

Looking at the commodity space, Brent crude trading down one point two percent to one O four seven US a barrel.

Copper trading down half percent, six dollar sixty u-- to USA pound.

Iron ore trading down about point four of a percent to ninety spot ten.

And then gold up about a percent, forty-one forty-five US an ounce.

On the local sectors, uh, we do have, uh, uh, the rate-sensitive names performing quite well.

Uh, we've got, uh, in the top spot, uh, consumer staples up two and a half percent, financials up one and a half percent, and utilities up one point four percent.

Uh, on the weaker side, tech names off four percent.

Uh, that's off the back of the move lower in tech, uh, stocks more broadly and globally overnight.

Materials off three point two percent and real estate names off point nine of a percent.