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ASX up 0.7%; materials out-perform as steel prices jump – The Sydney Morning Herald

The S&P/ASX 200 is over 6800 points this afternoon, driven higher by a surging materials sector and a strong financial sector. Information technology is lower.

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Aussie neo bank and small business lender Judo said it has yet to record a single bad debt as its loan book hits the $3 billion mark, but that is expected to change over the coming months as the economy is weaned off JobKeeper and rent assistance come to an end.
The next three to four months will be critical, said Judo co-chief executive Joseph Healy.
Particularly with the Victorian economy, there is still quite a bit of distress out there.
For the June 30 financial year Judo reported a net loss…

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