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Asian stock markets are trading mostly higher on Wednesday, following the broadly positive from Wall Street overnight, as traders largely refrained from making significant moves as they await the release of the minutes of the US Fed's latest monetary policy meeting later in the day for clues about the outlook for interest rates.
The ASX200 finished basically unchanged, with Telstra and Eagers Automotive falling to multi-year lows and Webjet hitting a four-year high.
The Reserve Bank has held the Official Cash Rate (OCR) unchanged at 5.5 per cent, saying inflation is falling and should be back at target by the end of...
One major Aussie bank has made a huge call about how people will use their tax cut cash boost in the coming months, warning not to expect a shopping spree.
Today's RBNZ update leaves us comfortable for now with our forecast of a first policy easing in February next year, followed by only gradual policy easing thereafter. Future inflation data will be key in driving our OCR view with the risk that easing comes later than currently expected.