Australian shares close lower ahead of central bank policy meeting [Reuters (UK)]
WOODSIDE PETROL LTD S/ADR (WOPEY)
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Source: Reuters
Australian shares close lower ahead of central bank policy meeting - Reuters 3 Min Read (Updates to close) By Nikhil Nainan Sept 30 (Reuters) - Australian shares fell on Monday following a late drop by mining stocks while financials constituted the biggest drag ahead of a widely expected interest rate cut by Australia’s central bank the next day. The S&P/ASX 200 index fell 0.4% or 27.8 points to 6,688.3 by the close of trade. The benchmark stock price index ended September with a gain, after a drop in August that snapped a seven-month winning streak. The ‘Big Four’ banks led the losses, falling 0.4% to 0.9%. Trading was light as investor sentiment was largely cautious following mixed economic data from China coupled with news that the U.S. administr
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