The Reserve Bank of Australia is set to deliver an interest rate cut this week, with the key question then how many more reductions will follow. The Australian sharemarket is poised to open lower on Monday after US stocks were jolted on Friday by President Donald Trump's threat of tariffs on Mexico. The Standard and Poor's index fell 1.32 per cent during Friday's session to close out its biggest May slump since 2010. The first rate move in almost three years will be the headline event in a big week for economic news, with the long list of economic data out this week including retail sales, ...
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