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ASX braces for RBA Rate Hike

The Australian sharemarket is poised for a cautious start to the week, with futures pointing to a Monday slide ahead of the Reserve Bank of Australia’s (RBA) latest board meeting. Investors widely anticipate a third consecutive interest rate increase, closely monitoring for signals regarding the central bank’s future tightening trajectory. This expected local market weakness contrasts sharply with Wall Street, where the Nasdaq and S&P 500 recently reached new record highs following strong technology sector results. [...]