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The market having a good day on the back of vaccine hopes. Over 6000 on the ASX 200 again - lets see if that holds. Banks under a cloud as Westpac promises a market update on August 18 which sounds like it could be a profit warning about the "Continued impact of COVID-19". Resources firm again ahead of results in a few weeks, production numbers in the next week and ahead of the Chinese GDP number tomorrow. Tech stocks holding up today. Virus case news continues to accelerate badly. US-China relations are in the bin and now UK-China relations as Boris tells British telecommunications companies they have to rip all Huawei equipment out of their infrastructure by 20027 and are not allowed to buy any more equipment from them after the end of the year. Wondering if we are missing something positive in all the negatives or whether we are right and that there is a reckoning coming. Hamish Douglass agrees according to the AFR. The answer is in the science and the virus and that's less convincing "the closer you get to the scientists".
The market having a good day on the back of vaccine hopes. Over 6000 on the ASX 200 again - lets see if that holds. Banks under a cloud as Westpac promises a market update on August 18 which sounds like it could be a profit warning about the "Continued impact of COVID-19". Resources firm again ahead of results in a few weeks, production numbers in the next week and ahead of the Chinese GDP number tomorrow. Tech stocks holding up today. Virus case news continues to accelerate badly. US-China relations are in the bin and now UK-China relations as Boris tells British telecommunications companies they have to rip all Huawei equipment out of their infrastructure by 20027 and are not allowed to buy any more equipment from them after the end of the year. Wondering if we are missing something positive in all the negatives or whether we are right and that there is a reckoning coming. Hamish Douglass agrees according to the AFR. The answer is in the science and the virus and that's less convincing "the closer you get to the scientists".
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