Australian Shares Rebound as Banks and Miners Lift Market Ahead of RBA Decision

Tue 01 Apr 25, 12:27 AM | Team Kalkine

S&P/ASX 200 rose 0.8% to 7,904.7 points, recovering from a 1.7% loss in the previous session.

Reserve Bank of Australia (RBA) expected to hold rates at 4.10%, with a 90% market expectation for no change.

Miners (+1.3%) and banks (+0.5%) led gains, with BHP, Rio Tinto, and Fortescue rising.

Australian shares rose nearly 1% on Tuesday, driven by performances in the banking and mining sectors. Investors closely watched the Reserve Bank of Australia's (RBA) interest rate decision, which is widely expected to hold the cash rate at 4.10% after a rate cut in February.

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