Business
ASX falls 0.4% as banks, healthcare, and real estate drag – The Sydney Morning Herald
The S&P/ASX 200 has softened this morning and was last down by 26 points to 5915, a fall of 0.4%. Banks are dragging after strong gains on Monday.
The companys capital allocation tests “ensure all investments are resilient to low points in the commodity cycle”, the company added.
West Texas intermediate crude is currently selling for $US39.44 per barrel, below the five-year average of $US51.06. The outlook for oil prices is uncertain given the economic contraction and reduced global traffic caused by the coronavirus pandemic.
“We continue to believe that the fundamentals for oil and advantaged gas will be attractive for the next decade a…
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