With news of President Joe Biden's bipartisan infrastructure deal having run its course and inflation worries continuing to linger, traders are choosing to sit tight ahead of key US jobs data later in the week and the beginning of corporate earnings season next month.
In Australia, the cities of Sydney, Perth, Brisbane and Darwin have all been put into lockdown, with leaders in the country also struggling to get its inoculation programme up to speed. "Covid has a big role to play internationally," JoAnne Feeney, at Advisors Capital Management, told Bloomberg TV. "Concerns around the Delta variant have grown... though vaccine efficacy has been proven, with the most immediate implication being that a greater percentage of the population will need to be vaccinated due to its higher infection rate," said National Australia Bank's Tapas Strickland.
Source: Financial Digest (financialdigest.net)
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