Bank rally builds as ASX adds 1.3pc
Resurgence in the major banks helped the ASX higher as much as 2.4pc but easing oil prices and Asian jitters trimmed gains at the close.
News
COVID bank loan deferrals hit $250bn
There is growing pressure for replacement policies to pull the economy back from a cliff in September when the deferrals expire.
ASX dips despite major bank boom
Major banks put on as much a 10pc through the session in a “catch-up rally” but eased at the close to send the market to a 5-point daily dip.
Australia’s youngest coronavirus victim identified
The 30-year-old Queensland man was found dead in his home by his partner, with a nurse who continued working while sick suspected of being the source of his infection.
‘Wake-up call’: Premier backs down over ship
A contrite Mark McGowan has conceded WA’s health department was in fact informed of three sick crew on board the Al Kuwait before it berthed at Fremantle.
Forget virus, what’s the weather forecast?
Australians are returning to normal, with Google search data showing we’re going out and checking the weather more than the virus.
ASX adds $50bn in 2.9pc rally
The local market extended its two-day rally to 5.1pc in its best day since the start of April as financials surged.
Smoke from summer wildfires killed 450
Toxic smoke killed hundreds and affected the health of 80 per cent of the population, with a total health cost of $2bn.
UK minister quits over Boris’ top aide
British Prime Minister Boris Johnson’s government has been hit by its first resignation.
Afterpay record represents 511pc recovery
All sectors finished in the green as the ASX200 lifted 2.2pc to its highest level since mid-March, led by a lift in Webjet and Flight Centre.
Time to get the economy out of ICU: PM
Scott Morrison will outline the government’s plan to reset economic growth in a speech at the National Press Club on Tuesday.
Horror bushfire season ‘not a one-off’
The BoM’s head of climate modelling warns the bushfire season is starting three months earlier than normal.
Huawei freeze pressures allies to lock Beijing out
Britain has followed Australia and the US in moving to lock out Chinese telco Huawei from its 5G network.
Protesters risk jail for democracy
Police fired tear gas at Hong Kong protesters who gathered on Sunday in opposition to a new security law proposed by China.
Extra staff to enforce bus and train limits
Commuters and students returning to school in Sydney today will be met by hundreds of extra NSW Transport employees enforcing social distancing.
School leavers given help to win uni place
Year 12 students whose parents receive JobKeeper or JobSeeker for at least three months will be awarded extra ATAR points.
Thousands in dark as high winds batter state
About 30,000 homes and businesses across Western Australia have lost power as a storm hits the southern half of the state.
Who needs a board when you pool the fun?
Powerful swells attracted a devoted breed of surfer to beaches across Sydney on Sunday.
Sparks of life after days of despair
After years of drought and a horror summer, one NSW family’s fortunes have turned around..
PM’s warning to Andrews: respect our China call
Scott Morrison says Victoria and other states should respect the federal government’s foreign policy, after Daniel Andrews backed claims Canberra had vilified China.
Revealed: who lost livelihoods and where
Analysis shows jobs lost early in the collapse are not coming back until the shutdown of tourism and hospitality is eased.
Hijab crash driver faces seven traffic charges
A driver who ploughed into a hijab shop in Sydney has been charged with seven traffic offences.
Geopolitical tensions pull ASX down 1pc
Concerns of China’s growth and fear of renewed activism in Hong Kong have sparked a heavy sell-off across the region.
JobKeeper error ‘on the right side of ledger’
Australian Industry Group boss says government’s $60bn JobKeeper mistake has a silver lining, as Clive Palmer is denied entry into WA.
PM welcomes HMAS Sydney
Scott Morrison has welcomed the arrival of Australia’s newest warship the HMAS Sydney, the first ship commissioned at sea since WWII.
ASX snaps rally on growing trade fears
In a rollercoaster session, the market started firmly higher, fell on reports of a new trade threat and finished the day near its lows.
States warned: open up to foreign students
The international education sector demands states follow NSW lead and make plans for foreign students, or face serious ‘serious questions’ from unis.
ASX win streak longest since pre-COVID
Shares were down 0.9pc early but fought to a 0.2pc gain – extending a recent streak to four days for the longest rally since February.
Trade Minister wants clarity on China ‘hit list’
Simon Birmingham says China should respond to claims they are drawing up a hit list of Australian exports, slamming the reports.
‘Lives endangered’ by log spiking
Tasmania’s timber industry is accusing its opponents of threatening lives, after metal spikes or bolts were found in logs.
Original URL: https://www.theaustralian.com.au/news/page/195