The ASX is poised to open lower, but investors hope a dovish sentiment in Reserve Bank of Australia minutes and a speech from governor Michele Bullock will lock in a rate cut next month and drive markets higher.
The local sharemarket’s performance will also be heavily influenced by a string of results from major global companies, including Alphabet and Tesla, which will set the direction of Wall Street and drive Australian shares.
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Gus McCubbing is a markets reporter in the Melbourne newsroom. He was previously the Australian Financial Review’s Victorian political correspondent. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com