The Australian sharemarket deepened its losses throughout Monday’s trading session as miners and energy stocks dragged on the benchmark index.
RED 5 shares were among the best performers with a gain of 5.3 per cent. Emerald Resources and Coronado Global were both up 4.1 per cent. EBOS Group was the best-performing large cap, climbing 3.5 per cent. On the economy and interest rates, Judo Bank economists believe the Reserve Bank appears unwilling to lift interest rates but would do so if it must. “The employment and inflation figures for June will be the most important data between now and the RBA’s August meeting,” the economists wrote in a research note to clients.
On Friday, US stocks rose to more records after a highly anticipated report on the US job market bolstered Wall Street’s hopes that interest rates may fall soon.
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Source: FinancialReview - 🏆 2. / 90 Read more »