National
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.
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…
