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S&P/ASX 200 set for tough day as US markets finish over 1% lower

S&P 500 Index finished down 1.19% to 2,840 last night on growing US-China trade fears.

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Nasdaq Composite finished down 1.58% to 7,628 and oil was down over 5% at one point

S&P/ASX 200 (INDEXASX:XJO) early futures have the index opening down 0.5% which will end what has been a strong week for the ASX 200.

Both the S&P 500 Index (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) finished down over 1%.

Oil prices fell nearly 6% in response to rising US crude inventories and weak demand from refineries.

 

 

Pre-market company news: EHE trading update, SYD holds AGM

Aged care provider Estia Health Ltd (ASX:EHE) has downgraded its FY19 EBITDA guidance to a range of $92-94 million.

While this is an increase of 2-4% compared to FY18, the guidance given at the February result was low to mid single digit growth, which was following by an April update re-affirming earnings guidance.

Sydney Airports Ltd (ASX:SYD) holds its annual general meeting (AGM) today and it has reaffirmed its 2019 distribution guidance of 39 cents per stapled security, representing 4.0% growth on 2018.

The company also expects that 2019 will see more subdued growth in passengers across the board, which it has seen that in the first four months of this year.

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