A bumper day for the local market with the ASX 200 pushing to a nine-month high to close up 1.3% at 6,644.1.
A bumper day for the local market with the ASX 200 pushing to a nine-month high to close up 1.3% at 6,644.1. The banks went on a tear, with the Big Four all up 2-3%. As our old mate Scutty reminded us today: the banks are a microcosm of the broader economy. So perhaps it wasn't surprising that they benefited from the positivity around vaccines and border openings. Energy and travel names also had a good day. Well, mostly... JP Morgan poured cold water on the Sydney Airport (SYD) party, saying it was bearish on the stock given the drop in traffic and continued exposure to COVID outbreaks...
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