Business
ASX pummelled as European lockdowns rattle markets – The Australian Financial Review
Australian shares endured another sell-down as the fallout from the return to nationwide restrictions in Europe’s two largest economies reverberated around global…
“Many economies are passing the V of their rebounds and the pace of their recoveries was never going to be sustainable. This does not mean the recovery is over, but it may be flatter and bumpier.”
Concerns about the hit to global consumption hit energy prices, which saw local oil and gas companies sold off. Senex shares fell 3.2 per cent to 30.5¢, Oil Search lost 5.1 per cent to close at $2.60 and Santos shares ended the session 5 per cent lower at $4.76.
Local travel stocks were caught in the restrictions-driven…
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