02 Feb Australia shares poised to open little changed; NZ down
Australian shares are set to open little
changed on Tuesday as investors await the Australian central
bank rate decision, while fears of the economic impact of
coronavirus are likely to continue weighing on sentiment.
The Reserve Bank of Australia is expected to hold key cash
rate at a record low of 0.75%, according to a Reuters poll.
Risks to the domestic economy have intensified over the past
year, with growth slowing, inflation lukewarm and unemployment
ticking high
changed on Tuesday as investors await the Australian central
bank rate decision, while fears of the economic impact of
coronavirus are likely to continue weighing on sentiment.
The Reserve Bank of Australia is expected to hold key cash
rate at a record low of 0.75%, according to a Reuters poll.
Risks to the domestic economy have intensified over the past
year, with growth slowing, inflation lukewarm and unemployment
ticking high
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