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S&P/ASX 200 futures down 3% heading into the open, RBA announcement at 2.30pm

S&P 500 Index closed down 5.18% and the Nasdaq Composite closed down 6.23%.

GPT GROUP - S&P/ASX 200 futures down 3% heading into the open
The AUD is at levels not seen since late 2002

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are pointing to a negative open today after yesterday closed down 6.43% to 4,953.20.

The S&P 500 Index (INDEXSP:.INX) closed at 2,398.10, −131.09 or down 5.18% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 6,989.84, −344.94 or down 4.70%.

The Reserve Bank of Australia (RBA) meets today and is expected to cut interest rates further from 0.5% ahead of more government stimulus.

In company-specific news this morning, GPT GROUP Ltd (ASX:GPT) has withdrawn its earnings and dividend guidance and Crown Resorts Ltd (ASX:CWN) has implemented stricter social distancing policies.

 

 

Gold down, oil smashed to new lows

Gold is down 2.5% overnight trading at US$1,487 per ounce while Crude Oil WTI is down 16.4% to US$22.84 per barrel.

The AUD is buying 57.7 US cents, and was as low as 57.0 US cents, levels not seen since 2002.

 

 

Quick facts: GPT GROUP

Price: 4.04 AUD

ASX:GPT
Market: ASX
Market Cap: $7.87 billion
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