Business
Australian shares listless as traders weigh up conflicting coronavirus economic information – ABC News
The Australian share market is swinging either side of flat, as investors weigh the effect of the coronavirus pandemic on corporate profits and the broader economy.
The Australian share market was trading higher at lunchtime, in the middle of a listless session.
The market has been helped by ABS data showing a surge in company profits over the June quarter, and by good economic data out of China.
But data from the Reserve Bank showed a fall in the demand for credit in July, especially personal lending.
At 12:50pm (AEST) the ASX 200 index was up 0.2 per cent, or 10 points, to 6,084.
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