Business
ASX lead softens; energy and real estate start dragging – The Sydney Morning Herald
The S&P/ASX 200 jumped at the open, but its lead softened after the first hour. It was last up 0.7% at 6840 points with financials and materials both higher.
Global equities markets rose overnight and the S&P 500 had its best session since June 5, with investors taking lower US bond yields their stride on optimism over the $US1.9 trillion ($2.5 trillion) coronavirus relief bill and distribution of Johnson & Johnsons newly authorised COVID-19 vaccine.
Wall Streets rise followed a jump in European shares and solid gains on Asian stock markets.
Investor optimism that the J&J vaccine would further lift the economy is giving a lift to all of the go-to-work…
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