Trading Day: ASX gains 0.5% on US infrastructure deal despite Sydney lockdowns

Australia's shares shrugged off news of extended travel restrictions and a one week lockdown of four local government areas in Sydney, including the CBD and anyone who has worked there in the past 2 weeks.

Australian stocks have seen four falls in the six days since the US Fed’s hawkish pivot last week Picture: AAP

Welcome to the Trading Day blog for Friday, June 25. The Australian sharemarket remained in positive territory at lunch after Wall Street set new records following a US infrastructure deal. CSL fell again, Endeavour up after weak debut.

The Dow ended up 1.0 per cent, the S&P 500 gained 0.6 per cent, while the Nasdaq jumped 0.7 per cent. European stocks also rose amid fading inflation fears, while oil prices seesawed after this week hitting their highest levels since October 2018, propelled by hopes of economic recovery.

Originally published as Trading Day: ASX gains 0.5% on US infrastructure deal despite Sydney lockdowns

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