Australia

S&P/ASX 200 futures down as US markets down overnight

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are down around 3% heading into the open today after the ASX 200 closed up 3.58% to 5,258.60 yesterday.

The daily increases for COVID-19 cases and deaths in the US continue to rise to new highs, which has the market concerned the pandemic is worse than expected.

The S&P 500 Index (INDEXSP:.INX) closed at 2,470.50, −114.09 or down 4.41% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 7,360.58, −339.52 or down 4.41%.

The Australian share market has had a solid week but will likely give some of this weeks gains back today.

Webjet Limited (ASX:WEB) could be in for a bumpy ride if it decides to recommence trading today after shares have been suspending recently to raise capital at $1.70 vs last traded price of $3.76.

[REPORT] US shares slumped by 4.4% as investors fretted about the outlook for the economy as a new month & quarter kicks off. https://t.co/S5DrR8cVen #ausbiz pic.twitter.com/mtmJSM6qPt

— CommSec (@CommSec) April 1, 2020

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