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Market wraps 16th April 2020

Market Update - Jessica Amir

Aussie shares came under pressure at the open, falling 1.9%, following Wall Street and European equities which lost 2.2% and 2.3% respectively. With the risk-off environment returning, money flowed back into bonds and gold, pushing the gold price up 0.2%. Meanwhile, oil gained 1.7%, moving back above $20 a barrel.

Today, investors will be watching:

  1. Financials, Energy and Materials
  2. Woodside Petroleum (ASX:WPL)
  3. Contact Energy (ASX:CEN)
  4. Star Entertainment (ASX:SGR)
  5. Vista Group (ASX:VGL)
  6. Stocks bucking from COVID-19, Fisher & Paykel (ASX:FPH), Costa Group (ASX:CGC), Resmed (ASX:RMD), Metcash (ASX:MTS), Coles (ASX:COL), Chorus (ASX:CNU) and all defensive stocks
  7. The US dollar