With interest rates hikes expected soon we expect many sectors to continue to struggle in the near future, with more pains for holders of Buy Now Pay Later stocks.
Moving ahead there are a few releases to watch out for in the lead up to Christmas with the Reserve Bank Board minutes to be released on Tuesday, weekly payroll jobs and wages on Wednesday and private sector credit on Thursday.
From today, All arrivals to Australia require a negative COVID-19 PCR test within three days of travel and by law must complete Australian traveller declaration forms declaring their vaccination status.
While it is largely expected the RBA will make no changes to its monetary policy, the traders will be looking forward to RBA’s commentary surrounding bond yields and purchases as that would be pivotal for interest rates.
It is a temporary decision and will ensure Australia can gather the information needed to better understand the Omicron variant, including the efficacy of the vaccine.
The crash killed 42-year-old mother Nancy Lefrançois and her 11-year-old son Loïc Chevalier, who were travelling in a passenger vehicle struck in the collision.
