
It was a relatively subdued week for the Australian share market, with the ASX 200 slipping 0.3%. Seven of the eleven major sectors finished lower, led by Technology and Consumer Discretionary stocks. Investors continued to weigh the Reserve Bank’s cautious stance after Governor Bullock reiterated that the board remains patient on future rate cuts. Markets are currently pricing in about a 43% chance of a rate reduction at the November meeting, suggesting that traders still expect some support ahead, but not immediately.
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