Market wraps 28th April 2020
Morning Bell - Jessica Amir
The Australian share market looks set for a cautious opening if you go by the futures, with investors weighing up three key things:
- The Global equity rallying overnight
- The oil price swinging 25% lower to $12.93 on fears that worldwide storage will soon be at capacity
- Local earnings results due out today from Aussie companies
Looking at overnight markets, Wall Street charged ahead with their benchmark indices all gaining over 1%, on hopes of further lockdowns being lifted, while earnings news from Deutsche Bank and pharmaceutical Bayer helped fuel European equities higher and saw the German market gain over 3.1%.
Today, investors will be watching St Barbara (ASX:SBM), Saracen (ASX:SAR), Northern Star Resources (ASX:NST), Growthpoint Properties Australia (ASX:GOZ) and Mesoblast (ASX:MSB).