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Australia's share market weakened as Victoria confirmed a five-day lockdown starting at midnight Thursday.

Australia's share market weakened as Victoria  confirmed a five-day lockdown starting at midnight Thursday.

Investors are closely watching the progress of the latest Covid-19 outbreak. Picture: Gaye Gerard
Investors are closely watching the progress of the latest Covid-19 outbreak. Picture: Gaye Gerard

Welcome to the Trading Day blog for Thursday, July 15. The ASX 200 is lower, having risen slightly at the open and then lacked firm direction. Wall Street mostly ticked higher following testimony by US Federal Reserve chief Jerome Powell.

On Wall Street, the Dow and S&P 500 both gained 0.1 per cent, while the Nasdaq lost 0.2 per cent. European stocks were flat or lower as world markets were rattled by a surprise surge in US inflation. Employment data beat estimates. Woodside released its second quarter 2021 result.

Originally published as Australia's share market weakened as Victoria confirmed a five-day lockdown starting at midnight Thursday.

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Original URL: https://www.heraldsun.com.au/business/trading-day-asx-to-edge-up-as-fed-buoys-wall-street/live-coverage/4e9bc57e5838b296876d052f1e7a2092