What made ASX end higher despite RBA's bond tapering move?

Watch the video to know why he Australian share market closed marginally higher on Tuesday despite the Reserve Bank of Australia (RBA) announced its plans to start reducing the bond buying stimulus to AU$4 billion a week despite coronavirus lockdowns hurting the economy. Weekly ANZ-Roy Morgan consumer confidence index, a pointer to future household spending, slipped 1.8%. Investors are also keeping an eye on the European Central Bank meeting this week. We look at the overall ASX200 performance of the day and explore today's gainers and losers.

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK