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Taiex drops amid COVID-19 concerns


- CBA.AU Reports Q3 (A$) Cash profit 2.4B v 1.3B y/y.
- CSR.AU Reports FY20 (A$) Adj Net 160.4M v 134.8M y/y; Rev 2.12B v 2.21B y/y.
- CAR.AU Confirms acquisition in Trader interactive for ~$624M; Announces A$600M renounceable entitlement offer at A$17/shr; Guides FY21.
- (AU) Australia debt agency, AOFM, gives 2021-22 bond issuance program: Sees this year Bond issuance ~A$210B (prior A$230B); Treasury bonds at ~A$130B.
- (AU) Australia 2021-22 Federal Budget: FY20/21 budget deficit forecast to A$161B v A$197.7B prior; Raises 2021/2022 GDP growth forecast from 3.5% to 4.25%; Raises 2021/2022 CPI from 1.5% to 1.75% (yesterday after the close). ....

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