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Coronavirus vaccine deal and Tesla profit boost US shares – ABC News
Australian shares open lower, as banks and miners drag while another US Government deal to secure potential coronavirus vaccine supplies boosts the major US share indices.
The Australian share market has opened lower, despite a positive lead from US markets overnight, with banks and mining stocks dragging.
Key points:
- The Australian share market has opened lower ahead of the Government’s budget update
- Overnight, Wall Street rose as the US Government secured a deal for potential COVID-19 vaccine supplies
- Tesla’s quarterly net income of $US104 million marked the first time it has recorded a profit for four consecutive quarters
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