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ASX grows 0 7%: Real Estate leads sectors ahead of RBA decision

The Australian sharemarket saw a 0.7% increase in the benchmark S&P/ASX 200 Index on Monday, primarily driven by gains in interest rate sensitive sectors such as real estate and information technology ahead of the Reserve Bank's expected decision to maintain the cash rate.

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Why Block, Graincorp, Spark, and Tourism Holdings shares are sinking today

Why Block, Graincorp, Spark, and Tourism Holdings shares are sinking today
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ASX up 0 54% near noon: All eyes await RBA decision

The Australian sharemarket surged at opening due to a weaker-than-expected US jobs report, suggesting potential interest rate cuts in the US. At 11:30am, the S&P/ASX 200 is 0.54 per cent higher at 7,670.3.

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Australian shares rise on US rate cut hopes; RBA in focus - Markets

Australian shares rose on Monday after softer-than-expected US jobs data revived hopes of interest rate cuts this.

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Spark lowers earnings target

Spark New Zealand downgraded its earnings guidance for fiscal 2024, forecasting profitability to dip due to a weak demand for ICT services.

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