Australia stocks set for lower start; bitcoin bounces back

SourceCNBC
SectorFinancial Markets
CountryMiddle east

SINGAPORE — Shares in Australia looked set to to slip at the Thursday open, with markets in Japan closed for a holiday. Futures pointed to a lower open for Australian stocks. The SPI futures contract was at 7,290 as compared with the last close at 7,308.70.

Concerns over the coronavirus situation in Asia-Pacific may continue to weigh on regional sentiment on Thursday. Australia’s two largest states , while from the virus, according to Reuters. Markets in Japan are closed on Thursday for a holiday. Meanwhile, the after recently falling below the $30,000 mark. It traded at $32,086.50 as of 7:33 p.m. ET Wednesday, according to Coin Metrics. Overnight stateside, the Dow Jones Industrial Average gained 286.01 points to 34,798 while the S&P 500 rose 0.82% to 4,358.69. The Nasdaq Composite advanced 0.92% to 14,631.95. Currencies The , which tracks the greenback against a basket of its peers, was at 92.754 after a recent fall from above 93. The traded at 110.26 per dollar, weaker than levels below 109.5 seen against the greenback earlier this week. The changed hands at $0.7355, above levels below $0.732 seen yesterday.

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