Daily Financial News - Australia

The next 12 months will test Australia’s banks as the economy hits its nadir and then commences a recovery. How will they fare this time?

Carsales.com has signalled a surge in enquiries regarding motor vehicle purchases since April, but many of the factors producing these leads could be short term in nature.

CSL may be able to benefit from further price increases as plasma supply is likely to remain tight over the next several months, while brokers welcome the acquisition of Vitaeris.

Viva Energy provided an upbeat outlook for the remainder of 2020 and, further afield, outlined a strategy to develop its Geelong site.

A strong boost to sales is expected for key business units of Super Retail from a resurgence in domestic travel.

Mining production has continued uninterrupted in Australia during the pandemic, underpinning a strong position and outlook for the Seven Group companies.

JB Hi-Fi has been in a plum position to benefit from households spending more time at home for both work and play but how will this pan out once government stimulus ends?

Sales activity at Bunnings and Officeworks has been stunning over the period of pandemic-related restrictions but signals there is very little operating leverage for Wesfarmers going forward.

While the economic outlook may continue to weigh, Vocus Group has removed a key overhang by refinancing debt facilities.

Buoyant sentiment; tech leads the way; earnings and raisings; new highs in commodities; mixed data.