Australian shares are drifting without clear direction as traders hold their breath ahead of the central bank's rate decision, with markets widely expecting borrowing costs to clim
Australian shares are drifting without clear direction as traders hold their breath ahead of the central bank's rate decision, with markets widely expecting borrowing costs to climb again. The four-week slide continues, and rate expectations remain the dominant force shaping sentiment. Meanwhile, gold miner Northern Star Resources unanimously rejected a massive unsolicited takeover bid from South Africa's Gold Fields, adding a notable corporate storyline to an otherwise cautious tape.
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