Good morning, I’m Matt here in Melbourne. It’s a big day for RBA-driven news. But first…
Must read today:
• Hedge funds bet on an australian fall
• Tensions remain after blinken-xi meeting
• New Zealand reviews flaw emissions trading scheme
The merchants will be scanning a flurry of communications from the Reserve Bank of Australia today, featuring expected meeting minutes and speeches from officials including Lieutenant Governor Michele Bullock, for clues on the rate outlook after the surprise hike earlier this month. Meanwhile, Australian stock futures point to a slightly higher open, extending the nation’s rally to a seventh day, the longest run in almost three months. That comes as European stocks collapsed 1% overnight.