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Oil crashes to an 18-year low: ASX poised to open higher

31 Mar 2020 – We saw a surge on the markets yesterday closing 7% higher – this movement is expected to continue with the ASX expected to open higher this morning. European governments moved to tighten restrictions to contain the coronavirus outbreak with an unrelenting rise in infections and deaths. Air New Zealand (ASX:AIZ) will begin reducing its workforce from this week as the severe economic impact of COVID-19 hits the airline.

Source: Finance News Network

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