Tuesday preview: RBA policy announcement in focus; BAT, Ashtead results due
By Michele Maatouk
Date: Monday 08 Dec 2025
(Sharecast News) - The latest policy announcement from the Reserve Bank of Australia is due, while on the corporate side, British American Tobacco and Ashtead are among those reporting.
The RBA is widely expected to leave the cash rate unchanged at 3.60%, having cut it three times earlier this year, Rabobank said.
"With growth and inflation resurgent recently, and the labour market still tight by historical standards (albeit trending weaker), market expectations have shifted from having another cut in the first half of 2026 fully priced as recently as the start of November to now having a hike by the end of 2026 fully priced," it said.
TD Securities said the Bank's statement was likely to fall short of validating the selloff in Australian fixed income over the past week.
"If this is correct then bonds should stage a relief rally, but the magnitude of the move should be limited as the market's bias is likely biased to sell strength," it said.
On the corporate front, British American Tobacco will release a full-year pre-close trading update, while Chemring will publish full-year results. Half-year results from Moonpig and second-quarter numbers from equipment rental firm Ashtead are also due.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: "Ashtead's return to top line growth back in September could be short-lived, with next week's second quarter revenue expected to fall 1.6%. Local construction markets in the US are still stuck in a holding pattern, with high interest rates leading to a 'wait and see' approach. If US interest rates stay on their downward trend, and large scale 'mega projects' continue to show strong growth, the story for 2026 starts to look more appealing.
"Cash flows have been the one shining light during the recent soft patch, benefitting from lower investment as Ashtead takes a moment to assess the backdrop. Investment plans are worth watching, as a key indicator of when the market is expected to pick back up."
Tuesday December 09
INTERIMS
Begbies Traynor Group, Moonpig Group , Naked Wines
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (GER) (07:00)
Q2
Ashtead Group
FINALS
Diales Group, Ixico, Oxford Metrics
EGMS
MHP SE GDR (Reg S)
AGMS
Asiamet Resources Limited (DI) , CQS Natural Resources Growth and Income , Ikigai Ventures Limited Npv, Mila Resources, Sareum Holdings
UK ECONOMIC ANNOUNCEMENTS
Retail Sales (00:01)
FINAL DIVIDEND PAYMENT DATE
Fidelity Emerging Markets Limited Ptg NPV, YouGov
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