ASX 200 falls the most in five weeks after RBA rate rise; NAB warns the risk of 4.1pc peak
ASX 200 falls the most in five weeks after the RBA lifted rates to 3.35 per cent. Retail and real estate stocks come under the greatest pressure. Star faces further class action.
Welcome to the Trading Day blog for Tuesday, February 7. The Australian sharemarket closed lower on Tuesday after the Reserve Bank increased the official cash rate to 3.35 per cent and warned of further rates hikes in the months ahead.
The S&P/ASX 200 index fell 0.5 per cent to 7504.10.
Wall Street was down as the S&P 500 fell 0.6 per cent, the Nasdaq Composite dropped 1 per cent and the Dow Jones shaved 0.1 per cent.
The dollar is buying US69.40c at the close.
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