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Australian shares swing after Federal Government reveals coronavirus budget hit – ABC News

Australian shares move between positive and negative territory after the budget update, which revealed an $86 billon deficit.

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The Australian share market has swung between positive and negative territory, following the Federal Government’s budget update.
Key points:

  • The Australian share market has moved between gains and losses during today’s session
  • S&P Global Ratings reaffirmed Australia’s ‘AAA’ credit rating but maintained a negative outlook
  • Overnight, Wall Street rose as the US Government secured a deal for potential COVID-19 vaccine supplies

By 1:05pm (AEST), the ASX 200 wa…

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