Overview
The Australian sharemarket is set to slide on Monday ahead of the Reserve Bank of Australia’s latest board meeting, where investors have tipped a third consecutive cash rate rise and will be watching for clues on how much more tightening the central bank expects over the remainder of the year.
Futures on the S&P/ASX 200 pointed to a 23-point – or 0.26 per cent – drop when the Australian bourse opens on Monday morning, having closed eight of the last nine trading days down.
Source: https://www.afr.com/markets/equity-markets/asx-to-drop-ahead-of-crucial-rba-decision-this-week-20260503-p5zt9n