Market wraps 12th May 2020
Morning Bell - Jessica Amir
The Australian share market is now officially back in bull market territory, after rising 1.3% yesterday, which takes the total rally from the March low to 20%. Today, the futures are suggesting that the market will fall around 0.4% at the open following a mixed session on global markets.
What to watch today:
- Packaging company, Amcor (ASX:AMC) just reported quarterly results noting its integration of its takeover of Bemis, is continuing ahead of expectations.
- Circuit board company, Altium (ASX:ALU) announced Coronavirus restrictions are likely to hit 4Q performance. ALU shares have gained 22% in weeks.
Reporting results today include:
- AusNet Services (ASX:AST)
- CSR Ltd (ASX:CSR)
- Incitec Pivot Ltd (ASX:IPL)