End of Day Report – Tuesday 10 March: ASX 200 up 94 points, off highs | Oil creeping higher

The ASX 200 rallied 94 points to 8693 (1.1%) well off its highs as caution crept back in. Banks were muted in the recovery with the Big Bank Basket up to $296.78 (1.5%). CBA up 1.4% and NAB up 1.7%. MQG bounced 1.6% and other financials also firmed but not getting too carried away. SUN up 2.8% with HUB gaining 0.4%. REITs firmed GMG up 0.9% and SCG up 1.1% with VCX falling 0.4%. Industrials firm without conviction, CSL up 1.7% and WES rebounding 1.5%. SGH rallied 1.1% and QAN gained 0.5%. Tech was slightly better, WTC up 0.8% and REA up 1.4% with the All-Tech Index up 1.9%.In resources, BHP rallied 2.3% with RIO up only 0.6% as Mongolia questioning Oyu Tolgoi deal. Lithium stocks marched higher, PLS up 5.2% and LTR rising 5.4%. Gold miners rallied but muted, EVN up 1.7% and NEM up 2.0%. Copper stocks rallied, SFR up 5.8% and CSC rising 2.2%. Oil and gas stocks fell hard as crude dropped, WDS down 3.8% and STO off 3.5%. Coal stocks also feeling unloved, NHC down 2.7% and WHC off 1.2%. Uranium stocks bounced hard, PDN up 6.7%.In corporate news, ORI dipped 3.4% on a $100m cost reduction program, TLX rose 7.8% on promising TLX591 news. CSL announced it was expanding its US manufacturing capacity.In economic news, the Westpac–Melbourne Institute consumer sentiment index rose 1.2% to 91.6 in March, from 90.5 in February, whilst the ANZ Roy Morgan consumer numbers showed a drop of 3.7pts to 73.4.10-year yields drop to 4.85%.Asian market recover, Japan up 2.1%, HK up 1.7% and China up 0.4%. Korea KOSPI up 4.4%US Futures down, DJ down 106, Nasdaq down 53.—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.