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Australian shares slip as bank losses outweigh mining gains
Australian shares fell on Monday, with losses in financials outweighing gains in miners on stronger commodity prices, while investors focused on a key inflation print later this week for clues on the central bank’s next move. The S&P/ASX 200 index fell 0.5% to 8,753.10 as of 0037 GMT, heading for its worst session since October 14. The benchmark ended slightly lower last week. Investors await third-quarter consumer price inflation data, due on Wednesday, for cues on the Reserve Bank of Australia’s future monetary policy path. Markets imply more than a 60% chance of a fifth rate hike this y...
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