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Australian shares higher; Wall Street and oil prices drop as European COVID cases surge – ABC News

The Australian share market is trading slightly higher in early trade. Oil prices tanked on European woes. Premier Investments is boasting a surge in profit.

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The Australian share market is trading higher in early trade, despite Wall Street posting heavy losses and oil prices tanking on European woes.
As of 11:15am, the ASX 200 was up 0.4 per cent to 6,774 points.
It closed 0.1 per cent down on Tuesday.
Key points:

  • ASX up 0.4 per cent in early trade
  • Major fashion retailer Premier Investments boasts surge in profits, led by both a surge in online shopping and a range of COVID concessions
  • Oil prices tanking after Europe lockdowns rattle markets

Australian…

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