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In company-specific news this morning, GPT GROUP Ltd (ASX:GPT) has withdrawn its earnings and dividend guidance and Crown Resorts Ltd (ASX:CWN) has implemented stricter social distancing policies.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: 3.85 AUD

Market: ASX
Market Cap: $7.5 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Time to take out some insurance against US stock markets says Alto Capital's...

Tony Locantro, from Alto Capital, says he is telling his clients to take out some insurance against the value of the Dow Jones and S&P too, which he believes are at ‘stupid’ levels. Clients are making massive returns, he says, I am recommending they buy short-side ETFs with the plan to...

9 hours, 31 minutes ago

2 min read