MARKET OPEN: Flight to safety may drive local market sentiment

Mon, 20 Jul 2020

The local share market may continue to benefit from a flight to safety as investors fret about rising covid-19 cases in the US and Australia. Across the ditch, people living in metropolitan Melbourne and Mitchell Shire will be required to wear masks from midnight Wednesday after Victoria recorded 363 new cases on Sunday. Failure to use a mask will result in a A$200 fine. In the US, meanwhile, Florida reported more than 12,000 new cases on Sunday and other states, including California and Texas, continue to report new record levels. On...

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