Investors get defensive as ASX 200 drifts to a 15-week low

ASX set for a flat start to the week ahead of RBA’s rate decision

The Australian sharemarket is set to start the new trading week on a cautious note, with futures indicating a flat open ahead of the Reserve Bank’s likely decision to raise interest rates to a 15-year-high on Tuesday.

ASX to waver as more tough talk from RBA expected

Futures show shares will open flat on Monday as investors brace for a much higher cash rate and the possibility of an economic downturn.

Investors get defensive as ASX 200 drifts to a 15-week low

S&P/ASX 200 Index (ASX: XJO) consumer staples and healthcare were the only two sectors in the green last week. The traditionally defensive sectors found favour during tough trading as investors braced for an interest rate hike on Tuesday. The benchmark index fell 0.76% over the week to close at 8,665 points, after hitting a 15-week intraday low on Friday. Traders are pricing in a 95% chance of the Reserve Bank (RBA) raising the cash rate to…

RBA Set to Resume Raising Key Rate as Patience on Prices Erodes

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