Tuesday, 2 November 2021

ASX 200 Drops as RBA Ditches Yield Target Before BoE and the Fed. Where To for Australian Stocks?

The ASX 200 went lower after the RBA abandoned yield curve control and stepped back from giving a timeframe for rate hikes. Will ASX valuations be undermined?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...