Morning Report 18 Jun 24: ASX to rise ahead of RBA interest rate decision

US stocks rallied as the S&P 500 hit its 30th record high this year, with the Dow Jones rising by 0.5% and the tech-heavy Nasdaq up by 1%. Meanwhile, European markets saw modest gains amid political uncertainty in France, where fiscal concerns are impacting bond yields. Australian shares are set to rise, awaiting the Reserve Bank's policy decision amid fluctuating commodity prices and a stable Aussie dollar. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.