PM 10 Aug 26: Banks weigh on ASX

The Australian share market edged lower on Monday despite strong US earnings and easing rate hike expectations. The financials sector declined sharply following Westpac's quarterly update. The Reserve Bank's interest rate decision and press conference loom tomorrow, with markets closely watching for signals on future policy. Key earnings updates from ANZ and CBA are expected this week. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. Check out our Market News page Follow us on:InstagramLinkedInYouTubeTikTok 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.