ASX 200 falls 0.4pc; RBA keeps rates on hold; Domino's falls as CEO Don Meij retires; HMC buys into LIC; Star in focus after Perpetual selldown
The Reserve Bank has kept rates on hold, which was expected, as 'underlying inflation' remains too high. Domino's shares tank as CEO departs. No government tenders for PwC until mid-2025. LIC spikes on HMC interest.
Welcome to the Trading Day blog for Tuesday, November 5. The ASX 200 index has closed 0.4 per cent lower at 8,131.8 points after the Reserve Bank kept rates on hold as underlying inflation remains 'too high'. All 11 sectors finished in the red, led by energy and financial stocks.
The busy week of investors continues with full year results from NAB on Thursday and ANZ on Friday, the US election results and rate decisions by the US Federal Reserve and the Bank of England.
The Aussie dollar is currently around US65.90c.