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Australia shares end lower as lockdown fears loom over Melbourne

Melbourne likely to face fresh lockdown
NZX 50 down 0.4% (Updates to close)
July 15 (Reuters) - Australian shares closed lower on Thursday, with buy-now, pay-later and bank shares leading losses, as likelihood of country’s second-most populous city entering fresh coronavirus lockdown weighed on sentiment.
The S&P/ASX 200 index fell 0.26% to end at 7,335.9, with only heavyweight gold and iron ore miners in the black.
Local media reported that Melbourne would follow Sydney into a lockdown, as the outbreak of the highly contagious Delta variant threatens to take hold in the Victorian capital.
“Melbourne going in lockdown along with Sydney is a big threat to the country’s economic recovery, on top of the slow vaccine rollout adding to the headwind. the banks are suffering today as a reaction,” said Henry Jennings, a senior analyst for independent stock market newsletter Marcus Today. ....

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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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