The release of Australian-listed company earnings gave local investors something other than virus-related news to focus on.
Earnings rose ~15% in the June quarter compared to the first three months of the year. This was ahead of consensus expectations, but overall the results were underwhelming as anticipated.
Bond yields drifted higher in most major regions, including Australia, amid signs of increasing supply.
Overall news flow remained supportive of risk assets including equities and credit and enabled most major share markets to make positive progress.
There are a few changes earmarked for superannuation commencing 1 July 2021. These changes will impact both employers and employees. Read the details here to know what's expected.