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Market Update 16 March
Pressure is on the RBA to cut rates. After the US Central bank cut rates to zero, also launching a US$700 billion quantitative easing program, to offset the coronavirus economic impact. Meanwhile the Central NZ bank has cut its rate to 0.25%.
All eyes on Fortescue Metals (ASX:FMG), Challenger (ASX:CCF), Reject Shop (ASX:TRS), oOH!media (ASX:OML), Air New Zealand (ASX:AIZ), Downer (ASX:DOW), Dominos (ASX:DMP) and Crown Resorts (ASX:CWN).
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