Australian shares have rebounded from yesterday’s losses, despite spike in COVID-19 infections dampening the mood of global investors overnight.
- The RBA is likely (70pc) to cut interest rates in November, analysts say
- The ASX hit a seven-month high, earlier this week
- Surging COVID infections and delayed US stimulus are affecting global market sentiment
The benchmark ASX 200 closed half a per cent, or 31 points, higher at 6,210 points.