Australian shares slip as RBA decision nears and NAB profit disappoints investors

A2 Milk shares tumble after a US recall surfaces

Australian shares fell Monday as investors stayed cautious ahead of the Reserve Bank of Australia’s policy decision. The S&P/ASX 200 closed lower after NAB reported a miss in half-year earnings, dampening sentiment. A2 Milk sank sharply following a US product recall, while energy and mining stocks also declined.