RBA Rate Decision Looms Amid Softer Inflation

Investors are bracing for several key announcements on Tuesday, including first-half results from hotel chain IHG and housebuilder Bellway.

IHG is expected to report a pre-tax profit of $560.1m, total revenue of $1.26bn, and an interim dividend per share of 63 cents, according to Bloomberg consensus.

Across the Atlantic, Super Micro will release its quarterly results, while Spirax Group and IWG will also publish their half-year figures.

The Reserve Bank of Australia is set to announce its latest policy decision, with analysts predicting it will keep the cash rate at 4.35%.

Danske Bank noted that after three interest rate hikes in the spring, the RBA may not tighten its policy rate further in upcoming meetings.