Pavan Sharma

CSL led the market gains for the ASX yesterday. The stock held up extremely well early in the covid-19 sell-off, but has underperformed over the last month. 

Global markets were higher overnight (S&P 500 +0.4%) as investors focused on signs of economic recovery amid further tension with China, lacklustre virus drug-test results and the threat of further civil unrest in America. Investors are mostly looking pas

RBA governor Philip Lowe underlined that the economic downturn arising from the covid-19 pandemic may not be as bad as first feared, and kept the cash rate unchanged at 0.25%.

Banks have powered higher as investors rotate into “value”, with the S&P 500 financial sector index up +10% over the last two days.

Investors fear that the White House will revoke Hong Kong’s special trade status, further inflaming relations with China.