Market Close 09 Dec 24: Market treads water ahead of RBA decision
Description
Aussie stocks started the week cautiously, with markets still hovering near record highs. Key drivers include US job data fuelling speculation of a fourth consecutive rate cut, and upcoming US inflation figures that could shift expectations. Locally, all eyes are on the RBA’s decision, with economists unanimously predicting rates will remain unchanged. Commodity sectors struggled, while property stocks rebounded, led by Goodman Group. Meanwhile, Life360 was the worst performer, shedding 8%, despite strong year-to-date gains. Globally, trade data from China, jobs figures in Australia, and rate decisions in Canada and Europe are set to round out a pivotal week for investors.
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