A tumultuous year for Mineral Resources has ended in a poor first half of earnings. But is there a way back?

MARKET WRAP:

• ASX200: down 0.73% to 8,419
• GOLD: $2,950 US/oz
• BITCOIN: $150,505 AUD

• The financials sector was dragged down by the banks, falling by 2%
• Mineral Resources posted a loss of $800 million as poor weather & commodity prices also took a toll. Shares down more than 20% to $24.18.
• NAB delivered a worse-than-expected result, with its quarterly update coming in below expectations 
• Shares were down 8.1% to $36.30.
• By association the other Big Banks were also lower.. Commbank down 2.3%, ANZ off 1.6% and Westpac down 0.3%.
• Stockland went backwards by 3.7% as profit jumped to $245 million, but still fell short of expectations.
• Corporate Travel Management up over 10% despite first half profits dropping to $38.7 million.
• The Lottery Corporation was up 3.1% despite profit falling to $369 million.
• Goodman Group requested a trading halt as it said its operating profit gained 8% to $1.2 billion.

CURRENCY UPDATE:

• AUD/USD: 63.62 US cents
• AUD/GBP: 50.4 pence
• AUD/EUR: 60 Euro cents
• AUD/JPY: 96 Japanese yen
• AUD/NZD: 1.11 NZ dollars