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A bit of a glum start to the week with covid outbreaks and state lockdowns pushing the market lower despite a positive Friday night on Wall Street. Travel stocks are the worst hit and the names that rallied through the lockdowns last year are receiving boost, as the trans-Tasman travel bubble is put on hold and increased border restrictions come into place right across the country. It’s a quiet week on the corporate front, as a host of REITs go “ex” and companies get their EOFY ducks in a row behind the scenes.
CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.
A bit of a glum start to the week with covid outbreaks and state lockdowns pushing the market lower despite a positive Friday night on Wall Street. Travel stocks are the worst hit and the names that rallied through the lockdowns last year are receiving boost, as the trans-Tasman travel bubble is put on hold and increased border restrictions come into place right across the country. It’s a quiet week on the corporate front, as a host of REITs go “ex” and companies get their EOFY ducks in a row behind the scenes.
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