Business
ASX rises 0.5pc, buoyed by real estate, travel sector – The Australian Financial Review
Australian shares recorded a second session of gains, buoyed by advances in real estate companies and the travel-related sector.
“Breadth in earnings revisions has improved over the last two months, with our tally of stocks seeing positive revisions in July at a rate of 64 per cent.”
And while recent daily case counts have provided hope of a steady decline, Mr Steed noted there were indicators of the overhanging risks posed by the virus.
“Melbourne remains firmly in the grip of COVID-19 … while the daily rate has stabilised, the seven-day average is still on a rising trend.”
Sydney Airport, though, did not benefit fr…
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