ASX to slide; Focus shifts from earnings to RBA
Summary
- SPI futures are down 0.6% and point to early losses for the ASX 200 on the last trading day of the month
- The local market is on track to make it five straight months of gains, though is still about 15% off February’s pre-pandemic peak
- US stocks closed the week higher on clear signalling from the US Fed that it intends to keep monetary policy loose
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Early losses are tipped for the ASX 200 despite Wall Street hitting new heights on Friday. There are a few earnings season stragglers due to come in too, with IOOF and Bubs among the reporting names.
This blog is not intended as financial advice.
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