Enter your details to join our mobile app waitlist and receive early access to the Bell Direct App.
The Aussie share market futures are suggesting a gain of 2.5% at the open, which will rub out yesterday’s fall of 2.2% and take the ASX200 out of bear market territory which it re-entered yesterday.
The Government says we will have to wait two years before the economy is back at preCOVID-19 levels. In that time, the Prime Minister says he’s targeting 3.75% annual economic growth until 2025. Despite the Government bolstering jobs and infrastructure, the OECD forecasts the Aussie economy will shrink 5% this year.
Investors will be watching Viva Energy (ASX:VEA) and Orora (ASX:ORA).
Local trading ideas: