
In Australia, the ASX 200 closed the week slightly lower, down 0.1%, as the financial sector weighed on the index following mixed first-half results from the big four banks. Despite this, eight of the eleven major sectors ended in the green, led by Utilities and Technology. Economic data showed real household spending remained flat in the March quarter, indicating ongoing consumer caution. With monetary policy still tight and trade uncertainties persisting, expectations are mounting for the RBA to implement a 0.25% rate cut in its upcoming May meeting.
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