The global market’s concerns about the virus meant the Australian dollar got “whacked” down to 67.18 US cents, its lowest level since 2009, on Friday night, as commodity prices fell.
A slew of companies are expected to file half-year or full-year results in the coming days including Commonwealth Bank of Australia, CSL, Telstra, Transurban, GPT, Woodside Petroleum and Goodman Group.
The market is also looking ahead to a busy week for the US including a speech to congress by US Federal Reserve chairman Jay Powell on Tuesday, inflation figures on Thursday and January retail sales figures on Friday.
In Australia, December housing finance figures and a National Australia Bank business survey are both due out on Monday, while Reserve Bank chairman Philip Lowe is expected to talk about ongoing interest rate cuts in a panel discussion on Thursday.
— with wires