21:44

Early indications are that Trump’s speech isn’t likely to stop further selloffs on the stock markets tomorrow after today’s rout.



Futures contracts for the two most watched US stock indices, the Dow and S&P 500, are both negative - an indication that there may be more selling tomorrow. Today’s market fall marks the end of an 11-year bull run - a period of rising markets - for the Dow.

While small businesses may be cheered that Trump is looking to help and the president also said he would look at aiding people put out of work by the virus, investors know any such moves will meet resistance in Congress.



In the meantime a suspension on European travel, trade and cargo is likely to have major economic consequences that stock markets will be digesting tomorrow morning.



We will get an early indication of which way the wind is blowing when Asian and Australian stock markets open in a few hours.