General
ASX set to have its best week since the coronavirus crashed it down in March
After a massive start to the week, the Australian sharemarket is set to open modestly lower this morning.
As of 7:15am AEDT, ASX 200 futures were trading at 6,626 or 0.7 per cent down on yesterday’s close.
But even if the benchmark does experience a modest loss today, it will still finish the week on one of its biggest highs since well before the first round of national pandemic lockdowns began in March.
The ASX 200 hit a nine-month high on Wednesday as border restrictions eased nationally. That continued an upward trend in the last month.
It snapped a three-day winning streak on Thursday but still closed 80 points higher than the start of the week.
At 6,625 points, the benchmark is just a few hundred points shy of where it was at in…
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