Australian shares are set to recover from Tuesday's heavy losses as investors take a less pessimistic view of China's coronavirus outbreak and its economic fallout.
Australian shares are set to recover from Tuesday's heavy losses as overseas investors took a slightly less pessimistic view of China's coronavirus outbreak and its economic fallout.
Pepperstone's head of research Chris Weston does not think global markets have seen the last of their coronavirus jitters yet. "It's the duration of the scare which will dictate confidence and the draw on discretionary spending, although most believe the authorities will meet any worsening of economics with a determined fiscal and monetary response."
Investors were also pleased with a higher-than-expected forecast for revenue in the first quarter of 2020, sending Apple shares up more than 2 per cent in extended trading.
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