Bell Direct TV

Market wraps 16th March 2020

Market Update - Jessica Amir

Pressure is on the RBA to cut rates. After the US Central bank cut rates to zero, also launching a US$700 billion quantitative easing program, to offset the coronavirus economic impact. Meanwhile the Central NZ bank has cut its rate to 0.25%.

All eyes on Fortescue Metals (ASX:FMG), Challenger (ASX:CCF), Reject Shop (ASX:TRS), oOH!media (ASX:OML), Air New Zealand (ASX:AIZ), Downer (ASX:DOW), Dominos (ASX:DMP) and Crown Resorts (ASX:CWN).