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Australian shares listless as traders weigh up conflicting coronavirus economic information – ABC News

The Australian share market is swinging either side of flat, as investors weigh the effect of the coronavirus pandemic on corporate profits and the broader economy.

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The Australian share market was trading higher at lunchtime, in the middle of a listless session.
The market has been helped by ABS data showing a surge in company profits over the June quarter, and by good economic data out of China.
But data from the Reserve Bank showed a fall in the demand for credit in July, especially personal lending.
At 12:50pm (AEST) the ASX 200 index was up 0.2 per cent, or 10 points, to 6,084.
Fruit and vegetable grower Costa Group was doing the best on the benchma…

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