ASX futures point to a lower opening for the Australian sharemarket as central banks around the world prepare for important decisions. The Reserve Bank of Australia is expected to keep rates on hold, but markets are pricing in a rate cut in September.
The Australian sharemarket is expected to open slightly lower this morning, ahead of an important week for central banks around the globe. ASX futures are pointing 13 points lower for the start of Monday’s session, putting the sharemarket on track to extend last week’s 2.2 per cent drop, which pulled it down from all-time highs reached just five sessions earlier.
The fall came ahead of a flurry of central bank decisions this week, including from the US Federal Reserve, the Bank of Japan and the Bank of England. The Reserve Bank of Australia will begin its two-day meeting today, ahead of the latest cash rate decision tomorrow, when the central bank is all-but unanimously expected to keep rates on hold. Markets are continuing to price the first rate cut from the RBA in September, but traders have tempered expectations that the central bank will wind back talk of further rate increases going forwar
Australian Sharemarket Central Banks ASX Futures Reserve Bank Of Australia Rate Cut
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX shares: ASX to open lower, but no end to bull runAustralian shares are expected to open weaker on Monday, after finishing at a record last week. The S&P/ASX 200 has broken intraday records six times this year.
Read more »
Australian sharemarket analysis: here’s why consumers are outspending the ASX’s companiesThe difference between corporate and consumer spending was perhaps best reflected in the earnings results from travel agents.
Read more »
GLEN: Glencore share price could surge with ASX listing activist hedge fund Tribeca saysActivist investor Tribeca has told Glencore directors they could add billions in value by retaining coal and embracing the ASX as its primary listing.
Read more »
ASX edges lower as big banks weigh; Myer shares gainA rally in bellwether mining stocks failed to lift the Australian sharemarket, after a choppy trading session on Wall Street amid a lull in the advance of global markets.
Read more »
ASX edges lower as big banks weigh; Myer shares gainA rally in bellwether mining stocks failed to lift the Australian sharemarket, after a choppy trading session on Wall Street amid a lull in the advance of global markets.
Read more »
Energy, mining stocks drag ASX lowerEnergy and mining stocks continued to drag the Australian sharemarket lower at midday, with the local bourse sharply retreating from last week’s record highs.
Read more »