MARKET OPEN: Tepid Wall Street may lead to light trading

Thu, 18 Jun 2020

Trading on the local share market may be tepid today after Wall Street took an overnight breather. “It was a relatively consolidative day in markets following the sizeable swings of recent days and weeks,” said ANZ Bank senior economist Liz Kendall. Covid-19 worries continue to linger after a record spike in new cases was reported in several US states and authorities in Beijing have ramped up restrictions to contain a new outbreak, including cancelling inbound and outbound flights. However, some data pointed to a recovery. US home...

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