End of Day Report – Friday 6 June: ASX 200 drops 23 points | NFP numbers tonight

The ASX 200 drifted 23 points lower to 8516 (0.3%) ahead of the long weekend. Broad based losses with some of the stars yesterday giving back gains today. Lithium stocks dropped back, PLS dropped 5.2% and IGO down 3.5% with rare earth stock also falling back, LYC down 1.2% and ILU off 3.8%.  Gold miners were slippy today, GMD off 3.4% and EVN down 2.0% and RRL dropping 5.8%. Uranium stock easing back, oil stock better and coal doing better. Banks suffered slightly, CBA down 0.8% and ANZ off 0.4% with the Big Bank Basket down to $281.16 (0.2%). Financials also eased back, GQG off 1.9% and IFL down 3.6%. REITS slightly lower, Industrials also flat, WES down 0.5% and ALL off 1.1% with the tech sector slipping, XRO off 0.7% and WTC down 1.0% with the All-Tech Index off 0.9%. In corporate news, OBM dumped 14.1% on a production downgrade, QAN up 3.5% as Virgin confirmed strong demand for the upcoming IPO. Nothing on the economic front local, the AUD near a six-month high. Asian markets mixed again, Japan up 0.4% and HK off 0.4% with China flat. 10-year yields steady at 4.27%. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.    Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.