Business
ASX retreats from nine-month high; BHP, Rio, FMG still strong – The Age
The S&P/ASX200 added 40.9 points on Monday to close 0.6% higher. Materials, information technology and energy out-performed.
Bell Direct analyst Jessica Amir said the ASX would likely continue to lift on the strength of bulk commodity prices and optimism that a coronavirus vaccine will help return the economy and our daily lives back to normal. The vaccine will be available in tomorrow in the UK (and) sentiment is quite high because international travel arrives in South Australia and Melbourne and hospitality restrictions ease, Ms Amir said.
I think it is going to be bullish for quite some time…we have a commodity boom…
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