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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.
IG
United States Dollar Australian Dollar BHP Group Ltd Life360, Inc. Mineral Resources Ltd Westpac Banking Corp Zip Co Ltd Megaport Limited Rio Tinto Group EML Payments Ltd N-able, Inc. AUS Show more
Finance & Economy, Market Report
06:53 18.02.2025
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