
In Australia, the ASX 200 managed to notch a small gain of 0.1% this week, marking four weeks in the green. The RBA minutes were largely uneventful, showing a unanimous decision and hinting that further cuts are likely over the next year. The local earnings season has now wrapped up, with 95% of companies having reported results. Despite some sharp moves in the big names, overall it has been a strong season with 29% of companies beating expectations, 36% missing, and 35% reporting in line – which is above the historical average.
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