Travel stocks take flight as NSW opens; the market ends the week on a high as China data looms
If you had your bags packed, ready for quarantine-free travel in New South Wales, then I'm afraid you may need to unpack them again. PM Scott Morrison clarifying this rule will only apply for Australian citizens and permanent residents.... to be continued. In other news - the S&P/ASX 200 finished the day up 0.69%. Every sector was joining the party bar the utilities. Among the day's best performers, ARB Corporation and HUB24. In contrast, Pendal Group recorded a boost in FUM yet investors weren't too impressed. Treasury Wine's investors weren't drinking any of the good stuff from that company's AGM either. Commodities are up, bond yields are lower and the Australian dollar continues to be the "little battler" as Patrick Idquival from Ebury would say. Put your feet up. See you Monday.
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