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ASX rallies back to nearly square down only 6 points to 7301 in quiet EOFY trade. Banks show resilience as NSW numbers steady on CV19 front and state announces stimulus for business. GMA gets walloped 15.8% as CBA looks at current arrangement which expires at the end of 2022. Tech stocks little changed. Miners weaker on Perth and Darwin FIFO lockdowns and CSL rallies on vaccine news.

European markets set for a mildly weaker open.