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Stock impact report

Australian shares close lower as banks weigh [Reuters]

Public Storage (PSA) 
Last public storage earnings: 4/30 04:00 pm Check Earnings Report
Company Research Source: Reuters
Australian shares close lower as banks weigh (Updates to close) Feb 17 (Reuters) - Australian shares ended lower on Monday as losses in the country’s leading four banks eclipsed strong corporate earnings, while investors weighed the near-term hit on global growth from the coronavirus outbreak. Investors were still trying to gauge the economic fallout of the coronavirus outbreak, with health authorities reporting 1,933 new cases on Monday within the Hubei province - the epicentre of the epidemic. The benchmark S&P/ASX 200 index closed 0.1% lower at 7,125.1 in its lowest volume session this month. The slightly tepid start to the week comes after a 1.5% weekly jump as the earnings season gets into full swing. The so-called ‘big four’ banks, after marking strong gains last week, were all in the red led by Commonwealth Bank of Australia. CBA ended 1.7% weaker, while National Australia Bank trimmed early losses to close 0.3% lower after the third-largest lender said it plans to raise A$750 Show less Read more
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