Australia Shares to Slip at Start of Week -- Market Talk

Dow Jones

2024/09/23

Australia's S&P/ASX 200 looks set to pull back at the start of a week that includes the latest interest-rate decision by the country's central bank. ASX futures are down by 0.8%, suggesting that the benchmark index will retreat from Friday's record close open after a mixed end to last week by U.S. stocks. The DJIA inched 01% higher Friday to a fresh record, but the S&P 500 and Nasdaq Composite took a breather, slipping 0.2% and 0.4%, respectively. The Reserve Bank of Australia is widely expected to hold rates this week, leaving investors to focus on the bank's commentary. Ahead of Monday's open, dual-listed Fletcher Building announced a NZ$700 million capital raise. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

September 22, 2024 18:05 ET (22:05 GMT)

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