ASX investors are proving resilient to overseas gloom about earlier stimulus-tapering and Omicron after a second consecutive afternoon rally cut losses.
Global car rental giant Europcar has expanded its footprint in Western Australia after signing a long-term franchise agreement with Bassendean-based Aus Fleet Solutions Group.
A second-half rally on the Australian share market has almost overcome jitters about the prospect of earlier tapering of stimulus in the US and the latest coronavirus variant.
A late slide on the ASX has muted an Omicron recovery while more nations including Australia paused overseas arrivals due to the latest coronavirus strain.
Australian company profits rose four per cent in the September quarter despite the nation being in the thick of a series of COVID-19 restrictions, which saw half the population in lockdown.
Australian shares have recorded their biggest slide in nearly two months amid rising concerns that a new coronavirus variant will affect global reopening prospects.
The Morrison government is resisting calls by business and others to fast-track the migration intake between now and the federal election amid fears such a move could hamper wages growth