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S&P/ASX 200 trades near flatline as NSW reports highest number of new COVID-19 cases in 14 months


14:30 Thu 08 Jul 2021
S&P/ASX 200 trades near flatline as NSW reports highest number of new COVID-19 cases in 14 months
Brent crude oil futures fell for a third straight day on Thursday to US$73 a barrel amid anxiety that supply may rise after the collapse of this week’s talks among OPEC+.
Top gainers
S&P/ASX 200 (INDEXASX:XJO) gained 0.08% to 7,334.6 points by about 2.30 pm as NSW reported 38 new COVID-19 cases on Thursday, the highest number of daily cases recorded in more than 14 months.
NSW Premier said the latest case numbers are too high and pleaded with people to stop visiting extended family, and to limit compassionate care visits to a single person. ....

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S&P/ASX 200 gains 0.63%; Telstra sells towers business for $2.8 billion


S&P/ASX 200 gains 0.63%; Telstra sells towers business for $2.8 billion
Brent crude futures gained 0.5% to US$75.05 a barrel as hopes for a demand recovery persisted despite new outbreaks of the highly contagious Delta variant of the coronavirus.
Gold slipped 0.93% to US$1,761.66 per ounce on Tuesday, its lowest level since mid-April as the dollar strengthened in the run-up to this week’s US jobs report.
S&P/ASX 200 (INDEXASX:XJO) has gained 0.63% to 7,347 by about 1 pm after the Nasdaq and S&P 500 hit record highs on Wall Street overnight.
The local index is on track to advance for the ninth consecutive month in June with a monthly gain of 2.5% and a ~25% rise for the financial year which ends today. ....

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