The retailers have weathered the storm mostly, but with Nick Scali pointing to tough times on shipping costs, has the worm turned?

MARKET WRAP:

• ASX200: up 0.74%, 8,344
• GOLD: $2,741 US/oz
• BITCOIN: $102,532 AUD

• MinRes down 13.8% to $39.55
• Wisetech down 14.6% to $104.65
• With the gold price soaring to US$2,745 an ounce, our local miners benefited
• A lift in the iron price to US$103 a tonne on futures markets helped BHP up 1.4%, Fortescue lifted 1.5% & Rio Tinto both up 1.9%.
• Up over 1% was Goodman Group, REA Group and Xero.
• A Nick Scali warning over higher freight rates hitting margins sent shares down 4.1%
• Lovisa down 6.4% and Harvey Norman off by 2.3%
• Falling by more than 1% was Telstra, Bapcor and Transurban.

CURRENCY UPDATE:

• AUD/USD: 66.93 US cents
• AUD/GBP: 51.4 pence
• AUD/EUR: 61 Euro cents
• AUD/JPY: 100 Japanese yen
• AUD/NZD: 1.10 NZ dollars