Saxo Capital Markets expects further rate cuts in Australia; Good outlook for Asian stocks

Saxo Capital Markets expects another cut of interest rates during next RBA’s monetary policy meeting, on the 5th of May. Christoffer Moltke-Leth, head of client trading, says in total Saxo Capital Markets expects a reduction of 50 basis points in the near future. Easing monetary policy will eventually result in an even weaker Aussie dollar. Moltke-Leth also offers a quick update on China, which just registered the weakest quarter in terms of growth in the last six years, but has a stock market is on the rise. To learn more about this insight watch here: (VIEW LINK)