End of Day Report – Thursday 2 April: Trump speech turns market | Oil soars, resources fall

Good afternoon and welcome to the Marcus today end of day podcast. My name is Henry Jennings.

It is Thursday, the second of April and as usual with all the information contained

in this podcast, it is general advice only so please do your own research, contact your

own financial advisor regarding any of the thoughts, ideas or insights in this podcast.

Well, fair to say, what a difference a speech makes. So they won't get fooled again as

the who would say. We did fall 92 points or 1.1% to 8,579.5. Had a big range today. We opened

at 86.85 and always looking good. We hit 87.23 and we closed not far off our lows of 85.67.

So always looking good up to 12 o'clock and then Mr. Trump stepped up to the microphone and unfortunately

we got no clarity. We got no peace. We just got escalation and the US prepared to unleash hell

in the next two to three weeks to finish the job and that pushed the oil price through the roof.

5 or 6% WTI and Brent and it caused US futures to collapse. Currently we've got

Dow futures down around 500 points and Nasdaq futures around 390 points. The US dollar also

strong on the back of that gold coming off the boil as well. So the play that we've seen in the

last few days has been reversed. However, for the week and let's put something in perspective,

we are still up 64 points for the week but of course we have a short week tomorrow. We are closed.

Monday we are closed. The US I think is open on Monday. So they have days advantage on us. So that

is going to be interesting especially as the April 6th deadline still seems to be very much alive

and kicking. So as far as our market goes at one stage we're out 50 odd points and looking pretty

good. We closed down at 92 points as I say but it was in terms of the market a flight back to quality

already predictable really. The supermarket stocks better. Woolies and coals. Woolies up 1.3

coals up 2.6 Telstra money flowing back into Telstra. One and a half percent higher their CBA was

up 0.5% ANZ up 0.7 and the big bank basket actually rose. Oil stocks had a big turn around

and we did see the likes of Woodside which were down over 5% at one stage. Close down only half

a percent. Santos rallied 1.4% so that was part of the Rosie Garden. Unfortunately we saw

selling in the healthcare space with CSL down 2.3% resmed down another 1.6% sigma down 2.6 but the

real damage was done in the tech space. Weiss tech down another 4.3 not so wise space anymore

not so wise tech rather 0 down 3.8% and sorry Rudy but technology 1 also down 3.6% next

DC down 3.4% so certainly some struggle streets there. Catapult well another life lost down 6.4%.

Not only was it tech that got Mahullid we also saw the resource sector also under pressure

on the back of I guess now suspected higher inflation higher interest rates stronger US dollar

BHP fell 2.5% Rio down 3.3 lithium stocks also down Pilbra fell 4% mineral resources down 6.6%

and the Goldies Gold was looking so good and then it wasn't. In Aussie dollar terms though the

Gold price hardly shifted but Northern Star fell 0.9% despite announcing a $500 million share

buyback evolution down 4.6. Greatland Gold which has had a great week this week down 1.4%

Genesis in the beginning down 6.1% Bellevue down 5% Volt down 6% evolution down 4.6. Nothing very

good to report from that sector today also we saw the likes of South 32 giving 1.3%

back and line us down 1.2%. So we know the story we know the stocks that are going to rise when

peace breaks out when the straight is open but for now it looks like the shorts were sucked in

to this rally and may not get fooled again as Pete Townsend once wrote all right as far as

corporate news goes Catman don't came back into being after the emergency funding round they fell

25.8% ASX had some pretty damning findings from the ASIC behind it they fell 1.1% on the economic

front we have total job vacancies were 337,900 which was an increase of 2.7% from November 2025

Asian markets well as you would imagine Asian markets far too dependent on oil coming out of

the Middle East although you have to think given they haven't joined in to the struggle in the

Middle East their ships would be safe in theory the practice is not so Nikkei down 2.3% the Nikkei

225 down 2.3% Hanks saying down 1.5 and CSI 300 down 1.1% there so as far as 10 year yields

go bouncing back to 5.02% the Aussie dollar is 68.76 so we have seen a little bit of a pickup in the

US dollar at the moment the gold price in Aussie dollar turn 67.61 which is not that far away from

where it was last night to be honest but we have seen obviously the gold price come off just

getting it up down the Aussie dollar 68.76 and NASDAQ futures well not good but I guess they could be

worse so we are giving back around 1% across the board for NASDAQ and Dow futures which is pretty much

what we were up yesterday or last night so at the moment we will wait and see what happens the US

of course closed on Friday although they do have a jobs number on Friday despite the market being

closed but they are open on Monday we are closed Friday we are closed Monday as far as the

we done the Asian markets I can't remember let's do the Asian markets again shall we just in case

I hadn't done them we have got I think I have done the Nikkei down 2.4 Hanks saying down 1.5 and China

down 1.2 looking at the major movers and shakers today my memory is not great and I get interrupted by

having to do Melbourne radio Karoon what a turnaround for that one it was down around 3 or 4%

closed up 6.5 L site which is obviously in the drone game they use AI to connect drone swarms

together they were up 5% AI which is the Alcoa up 4% to $101.74 we had EQR

EQ resources changing substantial shareholding their 3.3% up in the naughty corner today and there

were some naughty stocks we do have GDG generation development got crushed 11.2%

G and G also down 8.3% I think we covered that yesterday in the call on Osbe as I wasn't that

keen on it shall us down 8.9% with weaker metal prices pen pen pen into the energy in the U.S

they were launched on uranium pullback and OMA almighty Amiga oil and gas down 9.1% it has had

a relatively good week and speculative stock of the day today was KGL Kilo Golf Lima 26.2% higher

it closed at 26.5 it opened at 21 had a higher 34 a low of 21 6 million shares traded and announced

the $300 million agreement for gold and silver streaming with wetten as far as the positive

sectors go today telco supermarkets banks oil and gas defensive mainly negative sectors resources

tech health care and retail and those winners and losers Karun winner L site of winner

alkoa winner ebo eboss winner in the losers hm capital hub 24 coronado regal digiko mega port

and silax amongst the biggest losers today in economic and other news we've got the seasonly

adjusted balance of goods six creased increased 3.428 billion in february job vacancies were 337

900 an increase of 2.7% from november 2025 if we have so many vacancies why do we still have

4.5% unemployed anyway all right retail investors at last month jumped on on on on the

in defense stocks in march according to one outfit as well as piling into the beaten up

blood plasma giant CSL according to the AFR the Australian government to place new restrictions

on advertising linked to gambling and CNN poll released this week has put at 35% and support

for his handling of the economy at 31% the US Treasury has called in regulators for talks on

private credit risks and there was a momentous day as a nassar ascending its first crude mission

to the moon in more than 50 years that's 60 degrees now remember watching Neil Armstrong walk

on the moon in was it July 1969 or seven years old amazon is in talks to buy nine billion dollar

satellite group global star and a bid to rival musk's starling that's it for me thanks very much

for listening thanks for your support this week it's never been an easier time there's never

an easy time in markets it's never risk free but this week has shown once again that times are

tricky so thanks for your support I have a great Easter don't forget double demerit points apply

in new south Wales stay safe on the roads if you can afford petrol if not enjoy your home that's it

thanks for listening