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ASX sets 4-month high on vaccine hopes, JobKeeper 2.0 – The Australian Financial Review

The ASX closed at its highest level since March 6 as investors look to vaccine progress and policy commitments; tech leads the charge, with Afterpay topping $75.

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The following is a selection of reactions from market experts and economists to the second phase of JobKeeper and JobSeeker.
George Tharenou, economist, UBS
This is a longer extension than flagged by previous Government comments, and hence a bigger fiscal stimulus than UBS expected (and probably more than most had predicted).
However, the Government still significantly tapered the program.
The extension of JobKeeper and JobSeeker announced today is worth a combined $20 billion…

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