Thousands of laid-off Melbourne workers are now facing at least a further seven days without a regular pay cheque - and Victorian politicians are turning to the federal government for help.
CANBERA (dpa-AFX) - The euro gained ground against its major counterparts in the European session on Tuesday, as European shares rose after data showed that Eurozone manufacturing sector continued
Asian Markets Mostly Higher Amid Cautious Trade
CANBERA (dpa-AFX) - Asian stock markets are mostly higher on Tuesday, despite the absence of fresh cues from Wall Street, which was closed overnight for a holiday. The coronavirus infection rate in the region is keeping the underlying mood cautious as it is bound to impact the pace of global economic recovery from the pandemic. Asian stocks ended mixed on Monday.
The Australian stock market is modestly lower on Tuesday, extending the losses of the previous session, with the benchmark S&P/ASX 200 staying just above the 7,100 level, with the absence of fresh cues from Wall Street. Gold miners and banks are weighing down the market with mining giants and energy stocks offering resistance.
"The Victorian Government's support package for businesses impacted by the COVID-19 lockdown is a welcome down payment that will somewhat soften the blow.