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S&P/ASX 200 futures slightly up as US markets regain early losses

Proactive Investors Tuesday, 18 February 2020
S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are suggesting a slightly positive start this morning after US markets regained early losses overnight. The S&P 500 Index (INDEXSP:.INX) closed down 9.87 or -0.29% to 3,370.29 and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed up 1.57 or +0.016% to 9,732.74. Apple Inc (NASDAQ:AAPL) was down around 4% early after it said it would not meet March quarter revenue guidance due to coronavirus issues but rallied back to finish down 1.8%. Gold was strong overnight, rising US$21 to US$1,602 per ounce while Crude Oil WTI remained unchanged at US$52.30 per barrel. The AUD is also relatively flat overnight versus the USD to 66.9 cents. Report season: CTD, CWY, DMP, DTL, FMG, LOVE, OSH, SHL, SIQ, SYD, TAH, WEB, WES Reporting season continues with one of the busiest days of the month today.   [VIDEO] Morning Report - US sharemarkets were under pressure after Apple said that it would fall short of quarterly sales targets because of slower iPhone production and weaker demand in China due to the novel coronavirus outbreak — CommSec (@CommSec) February 18, 2020  

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