This is the buzzing trends show on Kalkine Live TV. S&P/ ASX 200 is eyeing to reach 14-month peak today. Within the first 15 mins the index was almost at peak reached at 7 thousand 90.1. Its currently trading at 7 thousand 72.20, up by 0.11%. (AEST: 11:06 am). 6 of 11 sectors are higher along with the S&P/ASX 200 Index. Information Technology is the best performing sector, gaining +0.85% and rebounding from its recent decline.
Federal Treasurer Josh Frydenberg made some important announcements in his pre-budget speech. He stressed on the point saying that Australian Economy is bouncing back. He expects next month budget will highlight how the economy is on track of recovery from COVID. The sale rose by 0.4 per cent to reach $16.5 billion. Same store sale in Australian supermarkets fell by 2.1 per cent as panic buying has almost ended. Online food sale was up by 90.5 per cent. Boing burned through $3.68 billion American dollars in the first quarter as its sees manufacturing flaws on its Marquee 787 Dreamliner and the new cost overruns on a high-profile military contract.