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Deep dives into global economic trends, market insights, and expert predictions, bringing clarity to complex financial landscapes.

Pre-Market Pulse

Here we explores global economic patterns and impacts, providing crucial insights for informed investment and financial decisions.

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Closing Bell 8th July: ASX Slides After Surprise RBA Decision to Hold Rates

The Reserve Bank of Australia surprised markets by holding the cash rate steady at 3.8 per cent, defying expectations of a third rate cut this year. The Australian dollar spiked to US65.45¢ from US65.10¢ on the news, while three-year bond yields rose from 3.34 per cent to 3.38 per cent. Economists and traders had largely priced in a 25 basis point cut to 3.6 per cent. Governor Michele Bullock is expected to provide further commentary at a 3.30pm press conference.

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