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Market Update 9 April
The Australian share market is continuing to rise from it’s March lows pushing further into positive territory hitting a four week high, as the COVID-19 outbreak appears to have turned a corner.
In the US, a level of uncertainty was removed as Bernie Sanders stood from the presidential race, while the oil price gained 4% to about $26 a barrel ahead of planned production cuts by OPEC later today. US equities ended higher overnight with the S&P500 up 3.4%.
Investors are watching Perenti Global (ASX:PRN), oOh!Media (ASX:OML) and Credit Corp (CCP).
