Business
ASX tipped to open stronger as Wall Street welcomes COVID stimulus – Sydney Morning Herald
Big banks and miners buoy the S&P/ASX 200 index as investors take heart from strong US and European markets.
The local oil and gas majors, Woodside Petroleum and Santos, were also in the black, up 1.5 per cent and 0.5 per cent respectively.
A2 Milk was a big mover in the session, with the infant formula and milk seller’s shares up 3.9 per cent to $11.38, as investors welcomes its Christmas Eve acquisition of New Zealand dairy company Mataura.
The deal is expected to help A2 increase its direct sales into China after its key daigou reseller channel collapsed due to COVID-19, prompting a near half-a-billion…
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