ASX200 caught in cross currents ahead of key capex and retail sales data
Tony Sycamore August 25, 2021 5:58 AM
A dark day in Sydney today, both from a weather perspective and as a record 919 new covid cases, were reported in the 24 hours until 8 pm last night. According to Goldman Sachs, the worsening situation will push the timeline for a gradual re-opening in Sydney until late October and Melbourne until Mid-September.
Offsetting the gloomy news, NSW hit its target of 6 million jabs yesterday. Providing the current record pace of vaccinations is maintained, the Government’s 70-80% vaccination target will be reached in mid-November.
Source Tradingview. The figures stated areas of August 25th, 2021. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation
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