On the ASX today, this has to be a good sign:

Either that or I’m subconsciously optimising my settings. Where’s the one with the coloured boxes in it… here:

Congratulations to Energy (3.68% on the back of a 2-2.6% lift in oil overnight) and Utilities (3.52%). Virgin Money (+10%) and Domino’s (7.60%) led stocks for the day.

Virgin Money UK (ASX:VUK) and Janus Henderson (ASX:JHG) both rallied for Team Pom after British PM Liz Truss agreed to take a major U-turn on her signature corporation tax cut announced just a couple of weeks ago.

Great. Any excuse to roll this out again:

Eddy Sunarto notes Truss’ Chancellor Dr Kwasi Kwarteng is on the next plane home from the IMF meeting in Washington D.C. as we speak.

Only Newcrest Mining (ASX:NCM) lost out in the top 20 today, shedding 1.20%. Even Block (ASX:SQ2) broke even.

Not a lot changed since the early rise though, and the S&P/ASX200 closed up nicely for a Friday, gaining 1.75% to 6,758.80 and crossing above its 20-day moving average.

Still down 9.21% for the last year to date though.

China’s inflation figure dropped today as well, and came in at 2.8% in September, the highest since April 2020. Still way below that of the US.

The Chinese producer price index (PPI), which reflects the prices that factories charge wholesalers for products, also rose by 0.9 per% in September year on year.

But if that all puts you in a spending kind of mood, and you’re in Melbourne next week, the 11th Annual Australian Microcap Investment Conference on the 18th and 19th of October might float your boat a bit. It’s an exciting opportunity to hear firsthand from the CEOs of Australia’s leading microcap companies.

AND Stockhead readers have an exclusive discount offer ($300 off the ticket actually) using the code: STOCKHEAD2022

$300!

But first, there’s another whole day of trading elsewhere besides Australia to come yet. And given what happened last night, we wouldn’t miss it for the world.

Let’s see if the US can make any sense. Results season starts properly tonight with some big names kicking off the action. How’s Citigroup, Morgan Stanley, Wells Fargo and JPMorgan for starters?

Datawise Stateside, US retail prices and Euro trade balance data are scheduled, while Fed’s Cook will speak.

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for October 13 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Wordpress Table Plugin

 

ASX SMALL CAP LOSERS

Here are the most-worst performing ASX small cap stocks for October 13 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Wordpress Table Plugin

 

Trading Halts

Looks like Friday is the day for going into trading halts “pending release of an announcement”.

Insurance Australia Group Limited (ASX: IAG): is being put into a trading halt pending release of an announcement.

Minbos Resources Limited (ASX:MNB): will be placed in a trading halt again pending releasing an announcement.

And finally, Findi Limited (ASX:FND): will be placed in a trading halt… pending releasing an announcement.

That’s quite enough. Have a great weekend.