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The ASX is expected to rally today ahead of tomorrow’s Reserve Bank of Australia’s (RBA) rate decision. ASX 200 futures are trading 65 points higher, up.
The ASX surged in early morning trading, ripping almost 100 points and 1.29% higher as of about 11:45am. The gains weren’t to last, however, with the index.
Following yesterday’s 1.5% decline, the ASX is set for another weak open this morning with the SPI futures trading 23 points lower (-0.32%) at 8:40 am.
The ASX is likely to fall today. ASX 200 futures are trading 58 points lower, down -0.80% as of 8:20 am AEST. The fall follows yesterday’s drop of 1.3%, or.