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The volatility index hit its highest level since the GFC after global markets settled in correction territory, losing 10% from their record highs.
The ASX200 is expected to fall at the open by 0.6%.
Companies reporting today: AMA Group (ASX:AMA), Austral (ASX:ASB) and WestGold Resources (ASX:WGX).
All eyes on global GDP and the S&P500.