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BNPLs take a major hit. Stock of the day is MHJ... episode artwork

EPISODE · Jul 16, 2020 · 12 MIN

BNPLs take a major hit. Stock of the day is MHJ...

from The COB from ausbiz

The local market reversed some of yesterday's gains, with mixed data coming through. Chinese economic data was relatively upbeat (except for retail sales) while the ABS reported a 22-year high unemployment rate of 7.4% for June. Banks and iron ore miners led the losses with the tech sector down 1.2%. BNPLs took a major hit - Z1P down 10%, SZL down 7% and APT down 1%.Our top three VODs today are:How robust the recovery is will influence labour marketsBlackrock: The future is running at usPub giant lost $2 million per week during lockdowns; puts IPO on hold Hosted on Acast. See acast.com/privacy for more information.

What this episode covers

The local market reversed some of yesterday's gains, with mixed data coming through. Chinese economic data was relatively upbeat (except for retail sales) while the ABS reported a 22-year high unemployment rate of 7.4% for June. Banks and iron ore miners led the losses with the tech sector down 1.2%. BNPLs took a major hit - Z1P down 10%, SZL down 7% and APT down 1%.Our top three VODs today are:How robust the recovery is will influence labour marketsBlackrock: The future is running at usPub giant lost $2 million per week during lockdowns; puts IPO on hold Hosted on Acast. See acast.com/privacy for more information.

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BNPLs take a major hit. Stock of the day is MHJ...

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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 16, 2020.

What is this episode about?

The local market reversed some of yesterday's gains, with mixed data coming through. Chinese economic data was relatively upbeat (except for retail sales) while the ABS reported a 22-year high unemployment rate of 7.4% for June. Banks and iron ore...

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