Virgin Australia has cancelled all international quick-haul flights due the ongoing coronavirus pandemic. The ASX continued its winning streak after a Wall Street shopping for bonanza, with Australian banks nonetheless strong, helped by an ‘on hearth’ housing market. A new survey from one the country’s major banks has revealed a stronger economic system is providing businesses with a much-wanted confidence boost. Latest information from the ABS exhibits Australians spent more on the bottle store than within the previous decade during the pandemic. The ASX closed barely modified after a jam-packed day of earnings season news, with buyers applauding Telstra and Newcrest, but AMP plunged.

One industry has not solely overtaken banking as Australia’s most valuable sector but additionally taken out a gong from a gaggle that hardly ever palms out bouquets to corporate types. Resources stocks dragged the ASX lower, with the benchmark index returning below the key 6800 level …