27 November 2020
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5 things you need to know today

Switzer Daily
3 September 2020

1. New data shows the banks have extended more than $180 billion worth of business loans since February, and the Treasurer has asked financial institutions to continue to "lean in" and keep credit flow healthy.

2. The state government is contemplating lifting some restrictions in Melbourne from September 14, and again on September 28. The current curfew and business restrictions will remain in place, but exercise will be allowed for two hours per day (split in two sessions), and people living by themselves may nominate one visitor.

3. US government debt is estimated to exceed the country's total GDP by 2023. The Congressional Budget Office (CBO) believes the deficit will increase to 107%, which would be the highest in the nation's history.

4. Germany's move toward a sustainable economy saw the country launch their first "green" bond, which raised over 6.5 billion euros. Investors placed orders of more than 33 billion euros for the 10-year, 0% bond offer.

5. The Dow rose 1.59% yesterday to 29,100.50. The S&P 500 was up 1.54% to 3,580.84 and the Nasdaq jumped 0.98% to 12,056.44. The S&P 500 and the Nasdaq both closed at all time highs yesterday.

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