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Stock impact report

Australia shares surrender gains on fresh virus-fuelled curbs [Reuters]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Reuters
Australia shares surrender gains on fresh virus-fuelled curbs (Updates to close) By Soumyajit Saha July 7 (Reuters) - Australian shares gave up early gains to close flat on Tuesday, as fresh restrictions to contain a spike in coronavirus cases in the country’s second-largest state dented investor confidence. Authorities in Victoria said they would reimpose stay-at-home restrictions in metropolitan Melbourne and one regional area in the state after a daily record rise in COVID-19 cases. The S&P/ASX 200 index settled down 0.03% at 6,012.9, after rising 1% in intraday trade on promise of further central bank support for the economy and strength in broader Asia. The main cause of volatility was the rise in infections in Victoria, said IG Markets analyst Kyle Rodda, adding that a lockdown in Victoria was extremely important due to its effect on the state’s contribution to the general economy. The Reserve Bank of Australia (RBA) left its cash rate steady as widely expected, while reiteratin Show less Read more
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