Markets hold cautiously despite Iran's hardline talk
• Asian markets remained cautious but generally positive despite hardline rhetoric from Iran, with the Nikkei leading gains at +2%. • Australia's ASX lagged as the financial sector dropped 2%, driven by a 4.3% fall in Westpac shares following a 20% plunge in mortgage loan applications. • Investors are closely monitoring the Reserve Bank of Australia (RBA) rate decision tomorrow, with a 100% market expectation that rates will be held.
fxstreet.com