Market wraps 4th May 2020
Morning Bell - Jessica Amir
The Australian share market is eyeing a soft start to the week with the futures suggesting a 0.1% fall at the open. It comes as US equities ended lower on Friday despite Gilead’s COVID-19 vaccine being approved by the US FDA and rolled out to patients in America.
Today investors will be watching Westpac (ASX:WBC), Afterpay (ASX:APT) and Fortescue Metals (ASX:FMG).
Building Permits/approvals are out for March with consensus expecting a 15% drop, following the 19% surge in Feb. All eyes will be on construction linked companies like Brickworks (ASX:BKW), Boral (ASX:BLD) and Adelaide Brighton (ASX:ABC).