logo-loader

S&P/ASX 200 follows US markets to be down on the day, RBA rate call tomorrow

Published: 06:25 03 Jun 2019 BST

asx electronic board
The ASX 200 is down 0.99% or 63.1 points lower to 6,333.8 at 2.50pm

S&P/ASX 200 (INDEXASX:XJO) opened down 0.21% and has trended down over the day to be down around 1% heading into the close.

Both the S&P 500 Index (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) finished over 1% lower last Friday putting Asian markets on notice today.

Although the local Australian market has been performing strongly since the shock election win last month, fears around trade negotiations continue to disrupt world markets.

Making things even harder for our local market, the US futures are pointing to a 0.5% loss for their Monday.

Australia's central bank, the RBA meets tomorrow to determine interest rate levels and the consensus is for a 25 basis point cut to the standing rate of 1.50%.

 

 

FTSE rises ahead of Easter weekend, JD Sport gains on upbeat outlook -...

The FTSE 100 gained on the final morning of this shortened Easter trading week. Festive cheer was limited though, as Thames Water confirmed shareholders would not provide it with a £500 million rescue package, prompting speculation over the London supplier’s future. On a more positive...

1 hour, 9 minutes ago