The ASX 200 fought back from early losses to close up just 6 points to 8953. US futures were negative all day, some defensive buying and CBA helping keep the market flat. CBA rose % with the Big Bank Basket rising to $299.12 (0.2%) as NAB fell 3.6% as it ramped up provisions for a weakening local economy. Other financials drifted lower, REITs were firm, GMG up 1.5% and VCX rising 0.8%. Retailers were better, WES showing a rare 2.4% gain, LOV up 4.4% and HVN rallying 0.9%. Tech was drifting lower, WTC off 1.5% and the All-Tech Index flat. WOW and COL rose as did TLS rising 0.2%. Healthcare mixed, SIG down 0.7% and PME easing 2.7%.

Resources were mixed, oil and gas fell, WDS down 2.9% and STO off 1.3% with uranium stocks slipping, PDN down 5.4% on research comments. Iron ore miners drifted lower despite higher IO prices in Singapore. Lithium flat after a strong start, gold miners surprising to the upside, EVN up 1.8% and NEM up 2.1%.

In corporate news, 4DX fell 2.6% after a GSK contract win. KAR had its credit rating reaffirmed. WOR warned of an earnings hit due to the Iranian conflict.

Asian markets saw modest gains - Japan up 0.5%, HK up 0.7% and China up 0.5%. 10-year yields rise to 5.0%.

US Futures ease, Nasdaq down 180, Dow down 370. Europe is opening down around 1-1.5%.

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