The Australian share market fell slightly on Monday as investors adopted a cautious stance ahead of the Reserve Bank decision and Melbourne Cup Day. While industrials and consumer discretionary stocks gained ground, miners and banks dragged the index lower. Key corporate updates from Westpac and other major firms dominated trading activity ahead of a pivotal week of economic decisions.

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.