Between the Bells

Wall Street made a massive late comeback, with the blue chip index recovering from its 244 points fall before ending 0.4% higher.

It comes after the World Health Organisation (WHO) declared the coronavirus that's killed 171 and infected 7,832 a global health emergency. The head of the organisation said he gave the declaration as the virus spread to other parts of the world, while he said there was no need to interfere with international trade or travel.

The Aussie share market futures are suggesting a 0.3% lift, after the ASX200 lost 0.3%closing at 7,008 points yesterday.

All eyes on ResMed (RMD), GUD Holdings (GUD) and Infigen Energy (IFN).

Global equities bounce back and the US gets better than expected economic news seeing Wall Street rebound from its worst drop since October.

The Aussie share market futures are suggesting a 0.6% lift, which should see us claw back up from yesterday's biggest loss of the year. Yesterday the ASX200 shaved off 1.4% closing under the 7,000 points for the first time in two weeks at 6,995 points.

All eyes on Treasury Wines Estates (TWE), Evolution Mining (EVN), Oz Minerals (OZL), Regis Resources (RRL) and Australian inflation data.

The Aussie share market futures are suggesting a 1.2% fall. Yesterday the market was closed for Australia day, while on Friday the benchmark index ASX200 closed flat, only gaining 0.4% on the week.

Global equity investors took profits off the table and flighted to traditional safe haven assets like gold and bonds, as the Coronavirus intensified. The death toll in China rose by 63 people since Friday, to 81 today, with 461 in a critical conditions and over 2,800 more cases globally, including in the US, France, Canada and here in Australia. Heavy selling in global markets was fueled by the uncertainty, particularly as China is the biggest driver of global growth. 

All eyes on Auckland International Airport (AIA), Credit Corp (CCP) and Oil Search (OSH).