Australian shares fall ahead of rate decision
Summarised from 2 outlets · 4 reports · Updated 2 Nov, 06:02 · Archive
Australian stock markets fell on Monday amid a US tech sell-off and ahead of an expected interest rate rise.
Australian stock markets fell on Monday, with the benchmark S&P/ASX200 index dropping 51.6 points, or 0.58 per cent. The broader All Ordinaries index shed 48.2 points, or 0.53 per cent, to close at 8977.2.
The decline followed a sharp sell-off in technology stocks on Wall Street. The Australian dollar weakened slightly to 70.22 US cents, down from 70.33 US cents on Friday evening.
Investors are now bracing for an interest rate decision from the Reserve Bank on Tuesday, with a rate hike expected.
How it is being reported
- Australian sharemarket slumps amid interest rate anxiety, wayward US tech earningsAussie shares were in the red on Monday as the market grappled with tensions on Wall Street and a looming decision on interest rates.The West Australian · 2 Nov, 07:18
- Australian sharemarket slumps amid interest rate anxiety, wayward US tech earningsAussie shares were in the red on Monday as the market grappled with tensions on Wall Street and a looming decision on interest rates.Perth Now · 2 Nov, 07:18
- Aussie shares drop ahead of interest rates decisionThe local share market has tumbled on the back of a sharp Wall Street tech rout as anxious investors brace for another Reserve Bank rate hike on Tuesday.Perth Now · 2 Nov, 05:38
- Aussie shares drop ahead of interest rates decisionThe local share market has tumbled on the back of a sharp Wall Street tech rout as anxious investors brace for another Reserve Bank rate hike on Tuesday.The West Australian · 2 Nov, 05:38
In this story: Australia · Reserve Bank of Australia · Wall Street
This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log
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