BPO TV

Market wraps 3rd December 2019

Morning Bell - Jessica Amir

The Australian sharemarket is tipped to press the sell button today with futures suggesting our market will tumble 90 points, or 1.3% to 6,777 at the open. The RBA is likely to hold rates at all-time record low of 0.75%. We saw Santos drop its 2019 production guidance to 74-76 mmboe (from 73-77 mmboe). Treasury Wine Estates has appointed Toni Korsanos to join its board as Non-Executive Director. The Aussie dollar is trading at a weekly high of 68.20 US cent as the US dollar lost strength.