ASX to start the month with early dip; Wall Street slides; RBA ahead



  • 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.

This blog is not intended as financial advice

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