ASX set to tumble amid global virus selloff; ANZ profit down 42%
Summary
- ASX futures are down 103 points, or 1.7%, at 5942.0 and point to an early dive for the local bourse
- Global markets were smashed overnight amid surging coronavirus cases in the US and Europe. Oil and gold prices are also lower
- The Aussie dollar copped a whack amid the selloff and fell as much as 1.5% from US71.53¢ to US70.43¢
- ANZ has reported a 40% fall in full-year profit to $3.58b and will pay a massively scaled-back dividend of 35 cents per share
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Good morning
Good morning, and welcome to the Markets Live blog.
Buckle up guys, we have a feeling it’s going to be a rocky one today. Futures are pointing to huge early losses as global markets wilt in the face of the rampant coronavirus spread.
Alex Druce will be guiding you through the session. Drop him a line in the comments, or email him at [email protected] if you spot anything interesting.
This blog is not intended as financial advice
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