Australian Market Outlook - 27 July 2021

On Monday, Australian equities dipped from record highs to BlueScope, 's largest steelmaker, has delivered its finish flat, with gains in mining sectors offset by losses in best full-year earnings since becoming a stand-alone firm in energy and gold stocks, and mounting domestic 2002, thanks to strong demand and higher pricing in both the coronavirus infections adding to investor concerns. United States and Australia.

The S&P/ASX 200 index closed flat at 7,394.3 points but In the last round of outbreaks that sparked the lockdown of remained near an all-time peak hit earlier in the session. Greater , ANZ stated that nearly three-quarters of requests to the bank seeking home loan assistance came BHP Group and , two of the world's largest mining from NSW consumers. companies, gained 1.3 percent and 2.5 percent, respectively. ' stock dropped to near half-year lows after a Royal Commission examination into its Perth operations in and Santos, both oil and gas was extended to March 2022. exploration companies, lost 1.4 percent and 1.9 percent, respectively. App for children's pocket money Spriggy has raised $35 million in a series-B investment round led by NAB Ventures, Gold stocks plummeted to their lowest level since April 7, with participation from Perennial Value Management and weighed down by weak bullion prices, with Newcrest, the Mike Cannon-Brookes' Grok Ventures, as the company seeks largest publicly traded gold miner, falling 1.5 percent. to capitalize on a rising need among young consumers to improve their financial literacy. Meanwhile, energy stocks sank 1.4 percent as oil prices fell due to concerns about fuel demand as a result of the Temple & Webster's sales growth has moderated since the spread of COVID-19 variants and flooding in China. epidemic's peak last year, but it is still high, showing a structural and demographic shift toward online shopping GPT Group, a commercial real estate conglomerate, fell 2.7 during the pandemic, as well as spending on homewares and percent after rescinding its 2021 forecast. stock furnishings as people take safety at home. jumped 10.6% after the rare earth manufacturer reported record fourth-quarter sales.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

Virgin Money UK PLC Silver Lake Resources $3.61 3.44% CDI Ltd. $1.44 -3.20%

Unibail-Rodamco- $5.93 2.95% a2 Milk Co. Ltd. $6.22 -2.81% Westfield SE CDI

Pilbara Minerals Ltd. $1.77 2.91% Pro Medicus Ltd. $56.94 -2.42%

Clinuvel $28.65 -2.22% BlueScope Steel Ltd. $23.58 2.70% Pharmaceuticals Ltd.

Orocobre Ltd. $8.04 2.55% Crown Resorts Ltd. $9.29 -2.21% Australian Market Outlook - 27 July 2021

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