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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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5 things to watch on the ASX 200 on Friday 16 July 2021


St Barbara Ltd (ASX: SBM) will be on watch after the gold price pushed higher. According to CNBC, the spot gold price is up 0.3% to US$1,830.10 an ounce. The precious metal hit a one-month high following dovish comments out of the US Federal Reserve.
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