S&P/ASX 200 rallies into the afternoon session, BBN PPE results disappoint

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) is up 0.34% or 24 points higher at 7,127.2 at around 1.25pm this afternoon.

Smallcap stocks BBN and PPE are down 7.8% and 5.4% respectively this afternoon after investors punished them for poor operating cash flow.

[REPORT] Mid Session – Local shares started the last session of the week by trading in a narrow range, but shrugging of losses on Wall Street overnight, to be ahead by 0.2% at lunch. https://t.co/zEYDNjtvTs#ausbiz pic.twitter.com/uv8uWbgNCh

— CommSec (@CommSec) February 14, 2020 Pre-market: S&P/ASX 200 futures green after US regains early losses

ASX 200 futures are suggesting a positive start to Friday after the US markets opened lower but rallied over the day.

Reporting season continues today albeit at a much slower pace with stocks to report including Baby Bunting Ltd (ASX:BBN) and People Infrastructure Ltd (ASX:PPE).

The S&P 500 Index (INDEXSP:.INX) closed down 5.51 or -0.16% to 3,373.94 and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed down 13.99 or -0.14% to 9,711.97.

Gold remains relatively strong at US$1,579 per ounce and Crude Oil WTI has moved a little higher from its recent lows to US$51.59 per barrel.

The AUD is 0.26% weaker overnight versus the USD buying 67.2 cents, making our stock market slightly more appealing to foreign investors.

[VIDEO] Morning Report – US markets showed resilience in overnight trade as investors grappled with conflincting Coronavirus news https://t.co/7eE2nSMJWI#ausbiz

— CommSec (@CommSec) February 13, 2020

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