ASX to rise ahead of RBA policy meeting, global stocks rebound

Wall Street edged higher on Monday after a rise in European shares helped stabilise investor sentiment after a series of volatile sessions.

On Wall Street, the Dow Jones Industrial Average rose 0.1 per cent, while the S&P 500 gained 0.82 per cent. Meanwhile, the MSCI World index, while higher on Monday, remains down 6.2 per cent in January, its worst start to the year since 2016.

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After week of turmoil, the market’s eyes turn to RBAThe RBA is expected to announce the end of its $4 billion a week bond buying program to pump money into the economy and analysts will be looking for clues on the timing of any interest rate hikes | nickbonyhady
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