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Telly actors first showbiz friendships - Times of India
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Australian insurers asked to review risk frameworks as pandemic-related claims surge
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Melbourne likely to face fresh lockdown NZX 50 down 0.4% (Updates to close)
July 15 (Reuters) - Australian shares closed lower on Thursday, with buy-now, pay-later and bank shares leading losses, as likelihood of country’s second-most populous city entering fresh coronavirus lockdown weighed on sentiment.
The S&P/ASX 200 index fell 0.26% to end at 7,335.9, with only heavyweight gold and iron ore miners in the black.
Local media reported that Melbourne would follow Sydney into a lockdown, as the outbreak of the highly contagious Delta variant threatens to take hold in the Victorian capital.
“Melbourne going in lockdown along with Sydney is a big threat to the country’s economic recovery, on top of the slow vaccine rollout adding to the headwind. the banks are suffering today as a reaction,” said Henry Jennings, a senior analyst for independent stock market newsletter Marcus Today.
Australia shares log best week in six as BHP hits record high
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Buy-now, pay-later firms capped gains NZX 50 down 0.5% (Updates to close)
July 14 (Reuters) - Australian shares closed higher on Wednesday, outweighing any investor concerns after a lockdown was extended in the country’s most populous city, with heavyweight gold miners helping offset turmoil in the buy-now, pay-later sector.
The S&P/ASX 200 index rose 0.31% to 7,354.7 points, with all sectors except buy-now, pay-later in the black.
Lockdown in Sydney was extended by two weeks after a rise in new COVID-19 cases with total infections across the harbour city nearing 900.
“The market was not very fazed after the announcement of lockdown extension in Sydney but if the lockdowns persist any further than that, whatever economic recovery the country has made will be reversed,” Steven Daghlian, market analyst at CommSec said.