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asx 200 declines despite rba rate cut amid mixed sector performance

The ASX 200 fell 46 points (-0.55%) to 8490, despite the RBA's first interest rate cut since November 2020, which was anticipated due to a decline in inflation. The financial sector faced declines, with Westpac down 2.22%, while the technology sector showed gains, led by Zip Co's 3.06% increase. Key economic data will be monitored ahead of the RBA's next meeting in April.

key earnings reports and economic indicators to watch this week

The week of February 17-21 will see significant earnings reports from major companies including BHP, InterContinental Hotels, BAE Systems, HSBC, and Rio Tinto. Key economic indicators such as the UK unemployment rate, wage growth, and various US metrics will also be released, influencing market sentiment. Notable shareholder meetings and trading updates are scheduled, alongside final results from firms like Centrica and Standard Chartered.

ASX 200 stabilizes as tariff delays provide temporary relief to investors

The ASX 200 rose 16 points (0.19%) to 8395, stabilizing after the US postponed tariffs on Mexico and Canada. Investors are keenly awaiting a US-China trade deal, which could further boost the index. Key sectors like banking and mining saw gains, while consumer discretionary stocks faced a pullback.

ASX 200 Declines Amid Rate Cut Speculation Following Strong Jobs Report

The ASX 200 fell 19 points (-0.23%) to 8333, marking its lowest level in three weeks as markets reassessed the likelihood of an RBA interest rate cut in February following a strong November jobs report, which showed unemployment at 3.9%. The property and consumer discretionary sectors experienced notable declines, while the energy sector rebounded after crude oil prices rose above $70. Technical analysis indicates the index may close below a critical support level, potentially leading to further declines.
06:22 12.12.2024
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