In this week’s Monday Market Highlights, Equity Trading Manager Will McVeagh discusses the RBA’s raising of the cash rate, and the surprising market reaction which saw stocks and rates rally, and the AU dollar fall. He looks into the RBA’s quarterly statement on monetary policy, which contained an update on the bank’s key forecasts. Will covers Fed Chair Jerome Powell’s speech at the IMF, and in equity news focuses on Xero’s first-half results, James Hardies’ second-quarter results, NZ company Main Freight’s reported results, and renewed interest in Telstra following a recent Opus outage.
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