Business
ASX to slip, Wall St lower after month-long rally – The Australian Financial Review
Australian shares are set for a modest decline at the open, amid overseas weakness. Spot price of iron ore tops $US131 a tonne. RBA policy decision ahead.
Tesla cooled 3.1 per cent, snapping for a session, a major reset higher this past month.
For local investors, the focus is on today’s RBA policy statement, just in case.
In a note TD Securities said the RBA is expected to confirm what it’s already said: “We fully expect the bank to repeat that it stands ready to provide additional easing if required.”
St George Bank said it suspects “that the RBA may eventually extend its new bond-buying program beyond six months; we will be looking for any possible…
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