The ASX looks uncertain this morning as traders await the RBA’s interest rate decision at 2:30pm today which is likely another hold by the central bank.
World Markets: Global Insights into Financial Trends and Investment Opportunities
When concerned with the global economy, it’s important to look beyond the powerhouses that are often in the spotlight, and to look at the various emerging markets operating just off stage.
Today’s biggest emerging markets (BEMs), include Argentina, Brazil, China, India, Indonesia, Mexico, Poland, South Africa, South Korea and Turkey. Not as big, but still making impact, are Egypt, Iran, Nigeria, Pakistan, Russia, Saudi Arabia, Taiwan, and Thailand.
ASX NEWS LIVE | ASX to Fall as Rate Cut Euphoria Fades; ACCC Sues Coles and Woolworths
The ASX is set to fall today as markets took a breather from the recent rate cut rally. Ahead this week we have the RBA decision and CPI numbers so traders remain cautious in the leadup.
It’s Time to Place Your Bets
The market is ecstatic that the Fed cut rates by 50bps. Stocks are moving as players place their bets. Property stocks in Australia are flying higher and beaten up commodities are showing signs of life.
In today’s Closing Bell Murray looks at the repercussions of the rate cut and where investors should be hunting for the next opportunity.
ASX NEWS LIVE | ASX Opens to New Record High as Major Miners Jump
The ASX followed global markets to fresh record highs as markets responded to the Fed’s double-cut yesterday with bullish sentiment.
ASX NEWS LIVE | ASX Tipped to Open Higher after Huge Double Cut by Fed; Aus Job Data Ahead
ASX 200 is set to open higher but will likely see choppy trading today as markets absorb the mammoth double cut by the US Fed overnight.
ASX NEWS LIVE | ASX 200 to Fall Ahead of US Fed Interest Rate Decision
The ASX is set to fall today after a weak lead from Wall St as markets brace for the Fed’s interest rate decision, due early Thursday AEST.