Minutes from RBA’s pre-tariff meeting to be released
The Reserve Bank will release the minutes of the monetary policy board’s early April meeting at 11:30am AEST today.
Not meaning to be rude, but it’s sort of the definition of irrelevant given what’s happened since.
Attention will be on any comments about how the RBA was bracing for the tariffs and its views on the potential fallout on the local and global economies, but they met before the (ever-changing) detail was released, and we’ve heard from Governor Michele Bullock since.
ASX futures pointing to modest gains
Futures are currently up 0.2 per cent, so the ASX could make a modest gain at the open.
That follows yesterday’s 1 per cent-plus rise for the local share market.
Catch up on how we got here with Alan Kohler’s finance report:
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How US stocks finished the day
Here’s a look at the final numbers on Wall Street
- S&P 500 +0.8%
- Dow +0.8%
- Nasdaq +0.6%
Where does that leave us after the recent tariff turbulence? The S&P is down 3.7% since the start of April, and down 8.1% since January 1.
Wall Street rises as Apple lifts of tariff carve-outs
Good morning — Steph Chalmers here to bring you through this morning’s market action.
The US stock market has closed and ended with decent gains (in the normal scheme of things)… the S&P 500 rose 0.8 per cent, off its session highs.
Tariff news continued to drive trade as tech names gained after the weekend news of exemptions, with Apple and Dell ending higher.
Comments from the US President about a potential pause to some auto tariffs added to the uncertainty around the White House’s trade policies — shares in Ford and GM rose.
SPI 200 futures are pointing to a small gain on the ASX at the start of trade.
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