A welcome injection of optimism. Stock of the day is BRG....

What this episode covers

The local market received an injection of optimism today in the form of news that Moderna's COVID-19 trials were showing 'promising' results. Talk about deja vu all over again! Anyway, the ASX closed up 2% - also helped by a positive lead from Wall St - with miners, tech and healthcare leading the way. The optimism also flowed into the Aussie dollar, which rallied up to that US70 cent mark that it's been threatening to punch through for so long. ABS unemployment numbers out tomorrow but, as Scutty says, don't expect too much response from the market, given that the data is now a month old so doesn't include the effect of the lockdown in Melbourne or increasing COVID numbers in Sydney.Our top three VODs today are:Small caps with relative certainty in an uncertain worldSezzle President says sector consolidation ahead but credit card companies no threatDreaming big in the spacial cloud technology space with Pointerra Hosted on Acast. See acast.com/privacy for more information.

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How long is this episode of The COB from ausbiz?

This episode is 12 minutes long.

When was this The COB from ausbiz episode published?

This episode was published on July 15, 2020.

What is this episode about?

The local market received an injection of optimism today in the form of news that Moderna's COVID-19 trials were showing 'promising' results. Talk about deja vu all over again! Anyway, the ASX closed up 2% - also helped by a positive lead from Wall...

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