The Australian sharemarket ended its session lower on Tuesday following the release of RBA's minutes, which stated members agreed that the bank should neither...

Livewire News

Livewire

The Australian sharemarket ended its session lower on Tuesday following the release of RBA's minutes, which stated members agreed that the bank should neither close off the possibility of reducing rates further, nor signal an imminent intention to reduce rates further. The minutes revealed an RBA board closely focused on the falling value of the Australian dollar. The benchmark S&P/ASX 200 finished 0.67% lower, or 34.3 points, at 5078.2. The Australian dollar is at US90.75c, compared with US92.04c at Monday's local close. Overnight, Wall Street stocks recovered from a four-day losing streak with the S&P500 finishing 0.39% higher at 1652.52. US 10-year bond yields retreated from two-year highs to around 2.81% on revived safe-haven bids as prices on world stock exchanges fell to the lowest level in over a month.


3 topics

Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.