Sky News contributor Peter Switzer says oil companies are "the most obvious beneficiary" as businesses resume operations post-coronavirus.
Mr Switzer said the reason "the stock market is doing well" is due to ABS figures which show economic forecasting isn't as dire as initially believed as a result of the coronavirus pandemic. "Economists have cut back what they think the unemployment number will be on Thursday from seven per cent to 6.9 per cent," he said. There are expectations up to 850,000 Australians could be back in work during the month of July.
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