ASX to rise ahead of RBA; Wall St gains on election eve

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Summary

  • ASX Futures up 0.2% and point to modest early gains for the local bourseĀ 
  • Wall Street rebounded on election eve, clawing back some of last week’s heavy lossesĀ 
  • The RBA is expected to unveil a string of interest rate cuts, including to the official cash rate, plus a major bond-buying program when it meets today. The decision will be announced at 2.30pm AEDT
  • Spot gold rose 0.9% to $US1894.91 an ouncec, Brent crude and US oil rose 2.9%, and iron ore jumped 0.5% to $US118.06 per tonne

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Good morning

Good morning all, and welcome back to Markets Live.

Guiding you through today’s news is Alex Druce and Lucy Battersby. Modest early gains tipped for the ASX after an election eve rebound on Wall Street.

The RBA is expected to unveil a suite of interest rate cuts – as well as a major bond-buying program – when it meets today.

This blog is not intended as financial advice

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Source: Thanks smh.com