The ASX 200 closed down 0.7% in a day that could have been worse, given the extent of the sell off in the US and Europe overnight on fears of the worsening European Covid-19 situation. Tech was back in favour, as was healthcare, consumer discretionary and consumer staples, while cyclicals were hit hard. RBA Deputy Governor, Guy Debelle, reiterated today that the recovery is going to be drawn out, while also suggesting that the central bank may shift its policy response through measures such as buying longer dated bonds...

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