Business
ASX sags 0.2pc as Queensland closes border to Sydneysiders – The Australian Financial Review
The ASX edged lower, as confidence the country is recovering from the pandemic flagged after Queensland closed its state border to Sydneysiders.
Investors are concerned that border closures and lockdown could hurt a tentative economic recovery.
“The economy sits on the precipice of the COVID-19 induced recession and a considerable degree of uncertainty remains,” said Eleanor Creagh, Australian Market Strategist at Saxo Capital Markets.
The Australian Bureau of Statistics (ABS) said the country posted annual deflation for the first time since March 1998 after the headline inflation rate fell to -0.3 per cent in the year ended June 30.
…
-
General15 hours ago‘We are here for you’: PM to bring help to flood zones
-
General13 hours agoWe’ve all talked about potential economic consequences for Australia of Trump’s policies. Now they’re happening
-
Noosa News21 hours agoStudents say new facility would be better in rural areas of Queensland
-
General12 hours ago‘I can’t start at zero now’: Aussies call for clarity after super cyber attack