PM 16 Jun 26: ASX catches its breath after RBA decision

The Australian share market paused Tuesday after posting near four-week highs, with the ASX 200 essentially flat despite record closes on Wall Street. The Reserve Bank kept rates steady in a widely expected decision, providing relief to struggling retailers and households. Meanwhile, energy stocks rebounded from Monday's sharp falls as markets weighed geopolitical developments and mixed economic data from China. Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean. 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.