MARKET NEWS

Australian stocks set to follow US leads
24/02/2020 7:03 AM

The Australian share market is set for a fall when it opens amid fears the coronavirus is spreading across Asia and will increasingly impact global economic activity.

The SPI200 futures contract was down 47 points, or 0.66 per cent, at 7,039 at 0700 AEDT on Monday.

United States and European markets fell on Friday on the back of increasing concerns over COVID-19 as more companies face disruptions and issue profit warnings.

The Australian dollar was buying 66 US cents at 0700 AEDT, up from 65.99 US cents on Friday.

Australian stocks are set for a flat open
21/02/2020 7:02 AM

Australian shares are poised to open softer following a record high on the local market and after US markets soured following a rise in coronavirus cases.

The SPI200 futures contract was down 5 points, or 0.07 per cent, at 7,105 at 0700 AEDT on Friday.

The Australian benchmark S&P/ASX200 index finished on Thursday up 17.9 points, or 0.25 per cent, at a closing record of 7,162.5 after setting an intraday record of 7,197.2.

But the mood in equity markets soured as coronavirus fatalities outside China rose and company earnings reflected the pandemic's impact, Westpac's finance markets morning note says.

US and European markets closed lower.

The Australian dollar was buying 66 US cents, at 0700 AEDT, down from 66.47 US cents on Thursday.

Australian stocks to climb after US rally
20/02/2020 7:06 AM

Australia's share market is set to follow global markets higher as coronavirus fears abate.

The SPI200 futures contract was up 22 points, or 0.31 per cent, at 7,110 at 0700 AEDT on Thursday.

The Australian share market hit a fresh all-time closing high on Wednesday before US, European and Asian markets closed on positive notes after a deceleration in coronavirus cases and stimulus plans from China.

The Australian dollar was buying 66.73 US cents, down from 66.92 US cents s the market closed on Wednesday.