S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are pointing to a down day after the US market erased most of yesterday’s ~4% gains.
The coronavirus or COVID19 is still keeping volatility high as cases in the US continue to rise, now at just over 200.
The S&P 500 Index (INDEXSP:.INX) closed at 3,023.94, −106.18 or down 3.39% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 8,738.60, −279.49 or down 3.10%.
Gold strong, oil down, AUD flat
Gold is trading US$27 higher or +1.7% overnight at US$1,670 per ounce and Crude Oil WTI is down 1.6% overnight at S$46.02 per barrel.
The AUD remains just higher than its recent 10-year low of around 64.5 cents versus the USD and is trading at 66.062 cents.