Business
Europe’s stocks recover all pandemic losses; ASX to cruise as S&P 500 comes off high – ABC News
Europe’s benchmark STOXX 600 closes at a record high as the continent spends big on economic recovery and rolls out vaccines as it heads into summer.
The Australian sharemarket is set to cruise after a bumper day, while in the Northern Hemisphere there is renewed optimism about an economic recovery from COVID.
At 7:00am AEST, ASX 200 futures were even on yesterday’s close.
The benchmark closed up 0.8 per cent at 6,886.
That was the highest it hit since February. It came as the Reserve Bank announced it would not be raising the cash rate, despite growing concerns about a property bubble.
Over in Europe, the continent’s benchmark STOXX 600 has…
-
Noosa News21 hours agoLuxury caravan manufacturer Zone RV collapses into administration
-
General22 hours agoWoman in her 20s dies after dog attack in Western Australia’s north
-
General7 hours agoUber driver says rideshare app tells workers to flout road rules as bill introduced
-
General21 hours agoCase against teens charged over Adelaide shopping centre stabbing could move to adult court