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S&P/ASX 200 futures green as US markets up 4%, eyes on RBA today

S&P 500 Index closed up 4.60% and the Nasdaq Composite closed up 4.49%.

electronic board showing stock ticker prices
Last night in the US marks the first real bounce since the coronavirus sell-off commenced

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are up 0.65% this morning after US markets bounced amid rising confidence for central bank stimulus.

The S&P 500 Index (INDEXSP:.INX) closed at 3,090.23 +136.01 (4.60%) and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 8,952.16 +384.80 (4.49%).

 

 

Gold remained flat at around US$1,588 per ounce, still down US$100 from its recent high of US$1,690 per ounce.

Crude Oil WTI was had a very healthy 5.8% bounce up to US$47.37 per barrel.

The AUD is just above its 10-year lows versus the USD trading at 65.3 cents with a 25 basis point rate cut today around 80% priced in.

A rate cut could put more margin pressure on financials such as banks, investors will be watching to see how much of this presumed rate cut is passed on to customers.

 

 

Quick facts: Bendigo and Adelaide Bank

Price: 6.49 AUD

ASX:BEN
Market: ASX
Market Cap: $3.44 billion
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