ASX 200 likely to trade lower in weekend markets

ASX futures are trading marginally lower suggesting the ASX 200 will likely trade lower on weekend markets with IG.

ASX futures are trading marginally lower, but with Australian stocks seemingly unable to rally this week unlike their European and US counterparts, the ASX 200 is likely to edge lower on IG's weekend markets.

ASX futures are down 1% 17:00 (GMT) on Friday, with the ASX 200 closing marginally higher on Friday at 4816.

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ASX remains unable to rally like European and US counterparts

ASX futures have remained aloof from the rebound in equities since the lows of the week, moving up by just 3% compared with the bigger bounces in Europe and the US. according to Chris Beauchamp, chief market analyst at IG.

‘While the price has not made real inroads below 4800, suggesting a short-term low, with it failing to break through 5000,’ he added. ‘Other indices have seen some higher highs and higher lows intraday, but the ASX remains unable to rally.’

You can go long or short ASX 200 and other major indices with IG using derivatives like CFDs.

What is weekend trading?

Weekend trading gives you access to cryptocurrency markets on a Saturday and Sunday. So, if news breaks about the ongoing coronavirus pandemic – or central bank measures to ease the strain on global markets are announced – you no longer need to wait until markets open on Monday to trade.

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