Business
ASX retakes 6000 with 1% rise; Trump shades China – The Sydney Morning Herald
The ASX 200 appeared unperturbed by US president Donald Trump’s latest dig at China, climbing 1 per cent at Tuesday’s open to retake 6000.
Consumer spending is forecast to be down 8.8 per cent in 2020 while fixed investment is tipped to be down by 3.8 per cent.
After the June quarter 7 per cent contraction, Fitch believes the economy will grow a modest 0.4 per cent in the September quarter, held back by the events playing out in Victoria.
The situation is better for 2021, with Fitch tipping the economy to expand by 3.9 per cent. But it won’t be due to a strong household sector with spending in this pivotal area tipped to improve …
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