ASX to rise, RBA set to lift cash rate

Australian shares are poised to open higher, bolstered by somewhat calmer trading in metals and expectations that the Reserve Bank will on Tuesday afternoon lift the cash rate by 25 basis points.

All three major US benchmarks rallied to start New York’s trading week after a report showed that US manufacturing activity expanded in January to its fastest pace since 2022.

Source: https://www.afr.com/markets/equity-markets/asx-to-rise-rba-poised-to-lift-cash-rate-20260203-p5nz06