ASX Falls Amid Rate Cut Speculation and Banking Sector Slump
2025-01-10
Stockhead
The Australian share market has declined for the second consecutive day, with the S&P/ASX 200 index falling by 0.42%. Banking stocks were among the biggest losers, fueled by speculation of a potential rate cut in February. The Star Entertainment group also took a significant hit, raising concerns about its future prospects. Meanwhile, upcoming US jobs data is expected to influence the Federal Reserve's decision, adding to market uncertainty and impacting Australian stocks. Key market trends and economic indicators, including interest rates and job market data, are being closely watched by investors.