RBA Interest Rate Decision Looms; US-Iran Ceasefire Boosts Global Markets
En resumen
- The Reserve Bank of Australia's interest rate decision is due today at 2:30pm AEST, with no change expected.
- Global markets rallied overnight, buoyed by a US-Iran ceasefire agreement, with the Dow Jones, Nasdaq, and S&P 500 closing higher.
- SpaceX shares surged following a significant investment by Gina Rinehart's Hancock Prospecting.
Resumen generado por IA
Por qué importa
Markets are reacting to a US-Iran ceasefire agreement and anticipating the Reserve Bank of Australia's interest rate decision. SpaceX shares experienced a significant rally.
The Reserve Bank board will deliver its June interest rate decision at 2:30pm AEST this afternoon.
That will be followed by a press conference from RBA governor Michele Bullock at 3:30pm.
We will have full coverage, market reaction and analysis here on the blog, so stick with us.
Good morning and welcome to another day on markets — and happy RBA day to all those who celebrate/observe/mourn interest rate movements (or lack there of).
As the Australian and Asian sessions indicated yesterday, the announcement of a ceasefire agreement between the US and Iran buoyed stocks, with the positive sentiment extending into Wall Street trade.
The Dow Jones Industrial Average climbed 468 points or 0.9% to a record close. The tech-heavy Nasdaq surged 3.1%, while the broader S & P 500 index added 1.7%.
Helping the Nasdaq was a huge rally for SpaceX shares, up 19.6% on what was their second day of trade.
Yesterday, it was revealed Australian billionaire Gina Rinehart's Hancock Prospecting had taken a reported $1.4 billion stake in SpaceX at IPO.
Despite the boost from overseas, ASX futures indicate the local index could retrace some of yesterday's jump at the open, with SPI 200 futures down 1.1%, but let's see.
And of course, the Reserve Bank interest rate setting-board members will be back at the table today, with a decision due at 2:30pm AEST. No change expected this meeting.
Stay with us through the day.
Qué observar
Perspectiva de IA — posibilidades, no hechos
RBA to keep interest rates unchanged.
Muy probable · En horas
Preguntas abiertas
- Will the RBA hold or change interest rates?
- What is the market reaction to the RBA decision?
- What is the long-term impact of the SpaceX investment?