Business
ASX200 within 4% of record highs; Big miners rise; Afterpay hits $156 – The Sydney Morning Herald
The ASX 200 built on last week’s gains with a 0.8% jump to 6900. The big miners, banks, and Afterpay were setting the pace. The index is now just 4% below the record…
The recent climb towards $US60 is mainly driven by optimistic growth in the US with an up tick in manufacturing. This is in addition to the new US governments expected stimulus injection, Dr De Mello said.
China has been stockpiling crude oil since the start of the pandemic and recent reports have cited a decline in their inventories. This is likely to result in China looking to start building inventories again in the coming months adding further upside to prices.
Meanwhile, Commonwealth Bank analyst…
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