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Markets in murky waters amid rising COVID-19 cases


Markets in murky waters amid rising COVID-19 cases
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The rising number of global COVID-19 infections have muddied the waters in a market already struggling to assess the outlook for inflation and global growth.
Cases of COVID-19 in many economies had been on the decline since the end of April, amid rising vaccination rates. However, the reopening of economies and the rapid spread of the highly infectious delta variant has now sparked a reversal.
Drummond Capital Partners’ Nick Reddaway: “Maintain a quality bias with an eye on valuation.” 
Eamon Gallagher
“Markets have stepped into murkier waters with global economic growth showing hints of slowing while the spread of the delta variant has become an increasing problem for a greater number of countries,” IHS Markit chief business economist Chris Williamson said. ....

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ASX rallies into EOFY; Telstra sells 49pc stake in towers business


ASX rallies into EOFY; Telstra at 52-week high on capital return
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Duxton Broadacre to pay first dividend
Vesna Poljak
Duxton Broadacre Farms will pay its first dividend since listing in February 2018, declaring a return of 6.2¢ a share, unfranked, to be paid on July 30 after what it described as “three of the harshest drought years on record”.
The board will consider the payment of a further dividend in December, which will depend on the outlook of the 2021-22 winter crop.
18 mins ago – 1.29PM
Used car prices trigger 13pc Eclipx EPS upgrade
Vesna Poljak
Hot used car prices have invited an earnings upgrade for Eclipx from broker Macquarie because of the money it will earn on the sale of end-of-lease vehicles into the secondary market. ....

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Police desperately seeking family of Hull man who died at home

Police desperately seeking family of Hull man who died at home
hulldailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hulldailymail.co.uk Daily Mail and Mail on Sunday newspapers.

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