Investors are on edge as the ASX braces for a pivotal week marked by the looming RBA rates decision and the end of the 90-day US tariff pause. With Wall Street taking a break for Independence Day, all eyes are now focused on these upcoming events that could stir financial markets.
“The market is priced for a flat opening as anticipation builds around the potential 0.25 percentage point rate cut by the RBA,”
shares industry expert Stephen Letts. This decision comes amidst expectations that the US will maintain a 10% tariff on Australian imports, adding further uncertainty to market dynamics.
As traders prepare for what lies ahead, it’s essential to stay informed about key developments shaping the economic landscape. The live blog offers real-time insights into market movements and critical events impacting investments.
In recent news, multinational corporation Star has negotiated an extension in their Queen’s Wharf negotiations with joint venture partners. The revised terms provide breathing room until July 31 to finalize the deal or face significant financial repercussions.
According to Stephanie Chalmers, indigenous businesses in Australia are proving their worth, generating $42.6 billion annually in social value. Supply Nation’s report highlights how these enterprises create substantial economic and social benefits for Indigenous communities and contribute positively to the broader economy.
Meanwhile, South 32 has struck a deal to sell its Colombian nickel mine for $US100 million as part of its strategic portfolio realignment. CEO Graham Kerr emphasizes that this move aligns with their focus on high-margin ventures critical for global energy transition.
Amidst trade tensions, Treasury Secretary Scott Bessent underscores ongoing negotiations with trading partners ahead of impending tariff deadlines. The Trump administration is targeting key trade deals with select nations before higher tariffs potentially kick in on August 1.
Looking ahead, expert analysis suggests potential adjustments in tariff rates based on evolving trade negotiations between major economies like Japan and Europe. These discussions hold significant implications for global trade dynamics moving forward.
With pivotal events such as the RBA rates decision and tariff deadline looming large this week, financial markets remain poised for potential volatility ahead. Stay tuned for more updates and expert insights as these crucial decisions unfold in real time.
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