ASX tumbles again

December 20, 2021 - 5 months ago
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An all too familiar pattern emerges for the ASX as the market kicks off into bearish territory for the fourth consecutive day.

The benchmark S&P/ASX 200 index ended lower, losing -11.8 points, or -0.16% to 7,292.2, while the All Ordinaries fell -24.0 points, or -0.32%, to 7,602.2, while our local currency, the Australian dollar, is currently buying US$0.7106.

With the final week upon us before Christmas, it is expected to be a quiet lead up before the festive break.

Looking ahead on Tuesday, eyes look to the release of the Reserve Bank of Australia (RBA) minutes of its December 7 board meeting.

However, it is unexpected to shine any fresh light on the outlook for interest rates.

In a speech last week, RBA governor Philip Lowe said he didn’t expect conditions to lift the cash rate will be met in 2022 after reiterating the RBA board would not increase the cash rate from a record low 0.1 per cent until actual inflation was sustainably in the two to three per cent target range.

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