The poor run of luck for investors seeking capital appreciation is set to continue on the Australian Securities Exchange (ASX) on Thursday with future trading pointing to a dip on the opening of the second last day of the reporting season.
At 9:40 am AEDT (10:40 pm GMT Wednesday) the S&P/ASX 200 March share price index (SPI) contract was trading 10 points (0.12%) lower than the previous settlement at 8,214.
Little direction was provided in New York where the major stock indices closed mixed as investors endured a barrage of announcements from United States President Donald Trump.
The Dow Jones Industrial Average dropped 0.4%, the S&P 500 ended flat and the Nasdaq Composite added 0.3%.
The Australian market index had closed down 0.1% on Wednesday at 8,240.7 points, dropping to a six-week low and continuing an eight day losing streak.
Companies in focus today will include Qantas Airways (ASX: QAN), Coles (ASX: COL), Medibank (ASX: MPL) and Ramsay Healthcare (ASX: RHC) as they are reporting results, big movers on Wednesday like Flight Centre (AX: FLT) and Worley (ASX: WOR), and those in the news such as WiseTech Global (WSX: WTC).
In the fixed interest markets, 10-year and two-year Australian Treasury bond yields eased by 0.60% and 0.34% to 4.326% and 3.376% respectively.
