The ASX200 has fallen 0.5 per cent after worrying earnings forecasts from US tech stocks and diminishing rate cut hopes in Europe dampened risk sentiment.

Mark Beyer and Mark Pownall discuss Hancock and MinRes' $1.1bn gas deal; Hancock and Wright Prospecting financials; the lithium industry; Perth house prices; ABN Group; and more.

Perth company Wright Prospecting has reported another massive profit as its low-key owners reap the benefits of an iron ore royalties deal negotiated more than 50 years ago.

Softball WA chief executive Rick Wolters says the governing body could be seriously impacted by the City of Stirling's move to sign a lease agreement with A-League club, Perth Glory.

International education group Navitas has reported an increase in revenue but blamed restrictive policies in Canada and Australia for stifling the growth.