First surplus in 44 years, RBA to hold rates at 1%: Aus shares 0.1% up at noon

From finnewsnetwork.com.au

video The Australian share market opened lower as expected, with no leads to follow as Wall Street was closed for Labor Day, but with stronger than expected Australian surplus data, we are now back in the black. Meanwhile traders are cautious ahead of the RBA’s decision on interest rates today with rates expected to hold at 1 per cent, while the Australian dollar has fallen to a new low 67.06 US cents (earlier), a level last hit almost 10.5 years ago, March 2009. The miners are in the red, despite Nickel prices hitting five-year highs on Monday on supply shortages fears, while other industrial metals remained ... (full story)