5th RBA rate hike as oil takes a spill | PM 03 Nov 26

 

The Australian share market rose Tuesday following the RBA's fifth rate hike of the year, with markets responding positively to three board members voting to hold rates steady. Governor Michelle Bullock's statement removed hawkish language about further increases, easing investor concerns. Property trusts and consumer discretionary stocks led gains, while energy stocks fell sharply on slumping oil prices. Airlines benefited as fuel costs eased, with key data on employment, inflation and growth due before December's final rate decision.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

 

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