UPDATE 5-Australian financial regulators hold emergency call on coronavirus - sources
Stock Markets43 minutes ago (Mar 02, 2020 16:02)* Financial futures now pricing in 25 bp RBA cut on Tuesday
* Many bank economists also pricing in a 25 bp cut
* Australia has 29 confirmed coronavirus cases
(Updates to add PIX to slug, advise media clients that pictures are available with this story; no changes to text)
By Swati Pandey
SYDNEY, March 2 (Reuters) - Australia's financial regulators scheduled an emergency call on Monday to discuss the impact of the coronavirus outbreak, two sources familiar with the matter told Reuters, as the country looks to avoid a risk of recession.
The conference call, involving the country's prudential regulator, markets watchdog and central bank, comes as markets now expect the Reserve Bank of Australia (RBA) to cut its cash rate as early as Tuesday at its scheduled monthly review. AU/INT
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