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Australia’s Lockdowns Scramble Optimism Over Corporate Earnings

  • Investors eye outlook commentary for ‘what comes next’: Saxo
  • M&A, inflation, mining also in focus this earnings season
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Australia’s biggest companies are headed for a challenging earnings season, as investor wariness about Covid-19’s resurgence overshadows expectations of stellar results.

The country’s continued economic expansion and past success in containing the virus have lifted profit estimates for the S&P/ASX 200 Index to their highest in over a decade. But that optimism around earnings is being tested by delta-variant outbreaks that have sent Australian cities into snap lockdowns.