Oil prices slid to more than three-month lows on concern over waning US and Chinese demand, while gold prices retreated for a third straight session as yields on the short end of US Treasuries rose and on longer-dated notes fell.Disclaimer: thisAussie dollar: Down 0.5 per cent to 64.02 US centsIn Europe: Stoxx 50 up 0.3 per cent, FTSE down 0.1 per cent, DAX up 0.5 per centBrent crude: Down 2.1 per cent to $US79.
Net interest margin, a closely watched measure that shows the amount banks take in interest payments minus operating costs, rose 9 basis points to 1.74 per cent on an adjusted basis. The bank declared a final dividend of 84 Australian cents per share, up from 78 Australian cents apiece a year earlier.A year after a cyber attack exposed the personal details of millions of Optus customers, the telco boss is on another apology tour.
"The Fed not necessarily hiking anymore might get people a little bit more excited, but does that mean that we're going to start cutting aggressively? It's too early to say that," said Marvin Loh, senior global macro strategist at State Street in Boston. Markets are pricing in an almost 50 per cent chance of a rate cut of at least 25 basis points as soon as May, according to the CME Group's FedWatch Tool, compared with about 41 per cent a week earlier.
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