Market Opener_6 December 2019
With little market-shaking news on the trade front, Wall Street finished largely flat. The Australian share market is poised to open 8 points, or 0.12 per cent higher.
The chances for an interest rate cut from the RBA in February is about 66 per cent right now; with another cut after that next year a fifty-fifty proposition. The lukewarm outlook for Australian economic fundamentals is keeping traders broadly in the camp that much more needs to be done by the RBA for the economy to reach full employment and target inflation.