Markets wrap: ASX falls, News Corp signs exclusive OOH deal, positive Q2 inflation data

August 2, 2022 10:16

The Reserve Bank has planned another interest rate hike this afternoon, meaning Australian shares are predicted to open lower on the ASX today.

The ASX200 closed 2.26% higher last week at 6945, for a 5.74% gain for July. The rally was supported by the continued rebound on Wall Street, and as last week’s Q2 Australian inflation data was not as high as feared.

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Seja Al Zaidi

Seja Al Zaidi was Mumbrella’s finance reporter, spearheading the publication’s coverage on the financials of advertising, marketing and media sectors.

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