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ASX falls; Square, Afterpay shares leap; RBA meets


ASX falls; RBA holds rates, tapering; Afterpay jumps
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Richard Henderson
The S&P/ASX 200 eased 0.2 per cent lower on Tuesday despite a roaring day for tech stocks as Afterpay soared following a jump for shares in Square, its US suitor.
The benchmark’s decline brought the index to 7474.5 points, down from the record high achieved on Monday, as energy stocks edged 1.4 per cent lower, followed by a 0.9 decline for the materials sector.
Tech shares added 4.4 per cent and were up 11.2 per cent over the past two days, the best two-session run since March 26 last year, during the sharp rally from the COVID-19 lows as central banks and governments around the world doused financial markets and their economies with stimulus. ....

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COVID vaccine Australia LIVE UPDATES: Revamped rollout could speed up jabs for over-50s

COVID vaccine Australia LIVE UPDATES: Revamped rollout could speed up jabs for over-50s
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

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Qantas, Afterpay, Zip half-year results


David Jones back in fashionable black
Sue Mitchell
Upmarket retailer David Jones is back in fashionable black after slashing costs, reducing discounts and promotions, cutting debt by selling landmark stores and taking about $35 million in JobKeeper subsidies.
David Jones’ adjusted operating profit rose 33.3 per cent to $56 million in the six months ending December, according to accounts filed by its South African parent, Woolworths Holdings, on Thursday.
It was a major turnaround from the June half of 2020, when David Jones lost $53 million as same-store sales fell 14.4 per cent. It crashed to a full year loss of $33 million last year compared with a $37 million profit in 2019. ....

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