Australian shares rise 0.2% ahead of RBA decision
Banks and gold miners supported the S&P/ASX 200 as investors awaited the Reserve Bank of Australia's policy meeting on Tuesday.
Sept 28 (Reuters) — Australian shares inched higher on Monday, supported by banks and gold miners, as investors awaited a central bank policy meeting this week that is widely expected to deliver an interest rate hike. 5 points, as of 0011 GMT. 4% lower on Friday. Attention is now fixed on the Reserve Bank of Australia's (RBA) policy meeting on Tuesday, with markets pricing in a fourth rate hike as persistent inflation pressures outweigh mixed labour data that did little to alter expectations last week for further tightening.
0#AUDIRPR Investors will focus less on the decision itself and more on the central bank's tone for clues on the policy path beyond September. Additionally, markets will be watching Australia's inflation print for last month due on Wednesday, after July's core inflation exceeded forecasts. 6%. 16 billion) buyout offer from South Africa's Gold Fields.
4%, tracking strength in their overseas peers. 7% and consumer staples lost roughly 1%, putting the sector on track for its biggest decline since mid-September. -based private equity firm Warburg Pincus after rejecting two approaches previously. The stock was among the top gainers in the benchmark index.
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