Business
ASX hits record high as economy completes COVID-19 rebound – The Australian Financial Review
The sharemarket rose to a new record on Wednesday, supported by advances from the miners and energy stocks.
The rebound from the COVID-19 shock is now complete, with Q1 GDP in Australia rising to above its pre-pandemic level, said HSBC chief economist Paul Bloxham.
Australias comparative economic success has stemmed from its closed international border, which has seen near-zero community transmission of COVID-19 since the turn of the year (notwithstanding the current outbreak in Melbourne) as well as the substantial amount of fiscal and monetary stimulus that has been delivered.
But the benefits of the…
-
Noosa News24 hours agoWhere, when and why? Everything you need to know about Sunday’s pro-Palestine protest march in Brisbane
-
General20 hours agoIndia to defend ‘red lines’ as fresh tariffs loom
-
General16 hours agoAlbanese government to freeze construction code until 2029, fast-track housing approvals
-
General21 hours agoCollingwood’s Sarah Rowe returned after just 16 days from collarbone surgery as Magpies beat GWS in AFLW