Australian shares edged lower as the Reserve Bank of Australia raised its cash rate by 25 basis points. The move was largely expected, but investors reacted to the RBA’s softer growth forecast. Rising oil prices kept inflation in focus, pressuring financial and mining stocks, while energy and technology shares managed gains.
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.
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