A solid gross domestic product figure this week is set to further complicate the Reserve Bank’s challenge of curbing high inflation, with investors already ramping up bets that the next interest rate move will be an increase.
Futures indicate that the S&P/ASX 200 Index will rise four points, or 0.1 per cent, at the open, after the local bourse shed 3 per cent in November, the worst month since March. This was due to growing concerns that exuberance in AI and tech stocks has pushed prices too far, prompting fund managers to take profits and reduce exposure.
Source: https://www.afr.com/markets/equity-markets/steady-start-pegged-for-asx-ahead-of-key-gdp-data-20251127-p5nj2v