ASX 200 Touches Eight-Week Peak Ahead of RBA Decision; Oil Drops
The S&P/ASX 200 jumped 1.25% to close at 8,914.00 on Monday, its highest finish since April 21, after news of a US-Iran peace framework sent oil prices down and boosted banks and miners. Energy stocks fell, with Woodside Energy down 2.7% and Santos off 4.3%. Investors now await the Reserve Bank of Australia’s rate decision on Tuesday.