The blue chips in the ASX top 10 have proved to be resilient, even despite this week’s sell-off. But apart from CSL, their share prices have barely budged.
The RBA’s decision to hold the cash rate at a record low of 1% was widely expected, after the rate was slashed by a total of 50 basis points in two months.
Banks are expected to hold back on passing on today’s rate cut in full as they seek to balance out mortgage rates with deposit rates for savers.
It was no surprise that the RBA cut interest rates to a record low of 1.25% with the intention of stimulating the economy. But was this the right decision?
If the US economy tumbles into recession, this could drive the gold price higher, taking with it gold stocks, including those listed in Australia.
The RBA is expected to slash the cash rate to 1% in coming months, but should that be a cause for celebration or concern?
We are entering an almost perfect storm for off-the-plan apartments, and there is a lesson here for sharemarket investors.
In the week of the Federal Budget and an RBA meeting, the fact that market volatility is now reaching its lowest levels since October last year went relatively unnoticed.