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Market Update 9 April

Jessica Amir
April 9, 2020

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).

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