Business
ASX closes flat as banks, energy stocks weigh – The Australian Financial Review
The ASX closed flat on Tuesday as energy and banks weighed on the market, while a regulatory win helped the buy now, pay later sector and technology.
Meantime, the Reserve Bank of Australia’s monetary policy meeting two weeks ago showed the central bank’s board would “consider how further monetary measures could support the recovery”.
UBS in turn lifted its expectations of further government bond buying from the RBA.
“We previously noted the RBA’s dovish shift suggests they’re closer to ‘proper QE’ as the next option, with…
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