ASX to start the month with early dip; Wall Street slides; RBA ahead
Summary
- ASX futures were down 0.1% at 6518.0 and pointing to early losses for local investors on the first day of December
- The benchmark ASX200 rose 10% in November – its best monthly performance since launching in March 2000 – but the market has slipped in each of its past three sessions
- Wall Street retreated from record highs overnight to cap a similarly huge month for investors. The Dow Jones Industrial Average had its best month since 1987
- The RBA is not expected to make any drastic decisions at its December board meeting today with a statement due to be released at 2.30pm AEDT
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The ASX is expected to extend its recent run of losses after a month-ending repositioning took the gloss of an otherwise stellar November. The RBA will announce its December rates decision at 2.30pm AEDT. No change is expected.
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