On Monday, as New South Wales and Victoria announced that they would gradually lift the blockade this week, the positive impact of the S & P 200 index will increase. NSW and Victoria, as the economic and population centers of Australia, will allow enterprises to resume production in accordance with the “three-stage” unblocking steps announced by Prime Minister Morrison last Friday, which includes a large number of retail service companies .
According to data from commercial real estate giant Westfield, 57% of retail stores have been reopened, and retail stores account for about 70% of the total number of stores.
Stimulated by the good news, the real estate sector recorded the strongest rise on Monday, including: Vicinity Centre (VCX), one of the shareholders of Melbourne ’s Chadstone Shopping Centre, rose 6.5%
Scentre Group (SCG), a shareholder of Westfield Shopping Center, rose 3.64%
In addition, due to the economic reopening and the impact of the overseas technology giant Tencent’s dividend, the Australian stock redemption Afterpay (APT), after experiencing a downturn in March, broke a record and reached a new high on Monday-$ 43.68 (closed at $ 42.20). Compared to the lowest point in mid-March, $ 8.90 has risen more than 373%.
On Monday morning, NSW and Victoria, as the two major cities in Australia’s economy and population, respectively announced that they would gradually lift the blockade this week, so the market decisively broke through the key resistance position of 5410, rising 1.3% to close at 5461 points. After-hours, the S & P 200 index futures continued to rise and fell to around 5435 after breaking the 5500 mark. Judging from the current trend, the unblocking will bring more benefits to the economy, so the market is expected to remain in the 5430-5500 range. But if the international financial market is bearish, then the key support levels will appear near 5435 and 5377.
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