The Overnight Report: No Cut Melbourne Cup Day
A global perspective on what happened overnight. The AI trade lifted both Nasdaq and the S&P500 for a positive start to the week.
ASX200 futures are flat to slightly negative ahead of the RBA decision and Statement of Monetary Policy at 2.30pm AEST. The Australian market recovered off its intraday low on Monday to end the day with a small gain.
- The ASX200 added 13 points or 0.15% to 8,894.
- Westpac’s financial update was well-received.
- Technology stocks led the gains with financials up 1.3%.
- Healthcare and materials slipped.
Yesterday, Australia’s latest data releases painted a mixed picture for the consumer and housing sectors. Household spending rose by a modest 0.
Author's summary: Market report on ASX200 and global trade.
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