Quick off the mark 🏁

We walked into the Dow Jones setting new highs, but in contrast there was a spooked Nasdaq, the latter due to a decent two-day climb in US bond yields. Our tech sector was a key underperformer, closing down 1.8%. Healthcare also weighed on the broader index, at the bottom of the ladder and closing down 1.9%. Oil jumped overnight after OPEC+ ministers agreed to their existing plan - go figure - and the Aussie energy complex topped the ladder, adding 0.8%. Upbeat PMIs from China and chatter of Evergrande moving on boosted the iron ore majors. After the Dow Jones lead, Aussie blue chips were the beneficiaries, such as the financials. In contrast, Aussies staying at home over the festive season due to Omicron fears dampened the consumer sector. And with all that, the ASX200 closed down 24 points or -0.3%.


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