Australian shares to open flat ahead of RBA decision; NZ little changed
Australian shares are expected to open
little changed on Tuesday as investors will likely stay on the
sidelines ahead of a widely anticipated interest rate cut by the
local central bank.
Reserve Bank of Australia is all but certain to trim its
cash rate to a record low of 0.75% when it meets on Tuesday and
is seen easing again in early 2020 to boost inflation and
support a sluggish economy, a Reuters poll showed.
The local share price index futures
little changed on Tuesday as investors will likely stay on the
sidelines ahead of a widely anticipated interest rate cut by the
local central bank.
Reserve Bank of Australia is all but certain to trim its
cash rate to a record low of 0.75% when it meets on Tuesday and
is seen easing again in early 2020 to boost inflation and
support a sluggish economy, a Reuters poll showed.
The local share price index futures
Posted by Reuters