ASX falls ahead of RBA rate call; Wall Street rallies on peace deal
The Australian sharemarket has fallen ahead of the RBA's rate call, contrasting with a Wall Street rally sparked by Donald Trump's announcement of a peace deal with Iran
2 sources
The Australian sharemarket has slid lower as investors position themselves ahead of the Reserve Bank of Australia's upcoming interest rate decision. The local decline contrasted with positive momentum overseas, where major US indexes posted gains.[1][2]
Wall Street rallied during its first trading session since US President Donald Trump announced that a peace deal had been agreed to with Iran. While the geopolitical development boosted American markets, it was not enough to prevent the Australian market from slipping.[1][2]
