{
}
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.
The ASX 200 fell 34 points (-0.41%) to 8388 as the Reserve Bank of Australia maintained its cash rate at 4.35% for the ninth consecutive meeting, signaling a dovish shift. Resource stocks surged following China's announcement of 'moderately loose' monetary policies, while financial and technology sectors faced declines. A potential rate cut in February is anticipated, contingent on upcoming economic data.
The ASX 200 rose 13 points (0.16%) to 8476, buoyed by record highs on Wall Street and expectations of earlier interest rate cuts from the RBA. Bitcoin's recent surge is expected to drive momentum buying, with targets of 105,000 and 120,000 by 2025, contrasting with the ASX's gradual gains.Technology and consumer discretionary sectors saw significant gains, while energy and mining stocks declined ahead of an OPEC+ meeting. Analysts suggest the ASX 200 needs to break above 8500 for a more decisive upward move, amid ongoing fluctuations since September.
Megaport Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
asx 200 declines despite rba rate cut amid mixed sector performance
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
06:53 18.02.2025
ASX 200 Declines as RBA Maintains Rates Amid Dovish Shift
Australian Dollar
BHPA Inc.
Life360, Inc.
Megaport Limited
Fortescue Ltd
WiseTech Global Ltd.
National Australia Bank Ltd
Rio Tinto Group
Mineral Resources Ltd
Westpac Banking Corp
AUS
CHN
Show more
06:31 10.12.2024
ASX 200 Gains Amid Bitcoin Surge and Anticipated RBA Rate Cuts
Ampol Ltd.
AGL Energy Ltd
Kogan.com Ltd
Megaport Limited
Temple & Webster Group Ltd
Santos Limited
Fortescue Ltd
Macquarie Group Limited
Adairs Limited
Woodside Energy Group Ltd
Westpac Banking Corp
Premier Investments Limited
N-able, Inc.
Mineral Resources Ltd
BHPA Inc.
WiseTech Global Ltd.
Rio Tinto Group
AUS
Show more
06:46 05.12.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Market Analysis and Predictions
Banking Regulations
Retail and Consumer Goods
Industry Mergers & Acquisitions
Financial Scams and Security
CEO Changes
Global Trade Developments
Energy Sector Developments
Central Bank Actions
Startups & Entrepreneurship
Supply Chain Management
Government Policies
AI Innovations
Hedge Funds & Private Equity
Government Economic Policies
Countries:
Companies:
Barclays PLC
Tesla, Inc.
JPMorgan Chase & Co.
NVIDIA Corporation
Bank of America Corporation
The Goldman Sachs Group, Inc.
Wells Fargo & Company
Apple Inc.
UBS Group AG
UniCredit S.p.A.
Banco BPM S.p.A.
Amazon.com, Inc.
Deutsche Bank RV Global PP
Credit Suisse Real Estate Fund Siat
Citigroup Inc.
Morgan Stanley
Google Inc.
Capital One Financial Corporation
BNP Paribas SA
UBS AG
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Swiss Franc
British Pound Sterling
Hong Kong Dollar
Japanese Yen
Danish Krone
Australian Dollar
United Arab Emirates Dirham
Swedish Krona
Vietnamese Đồng
Singapore Dollar
South Korean Won
Canadian Dollar
Russian Ruble
Ghanaian Cedi
Malaysian Ringgit
Offshore Chinese Yuan
People: