ASX 200 slips ahead of RBA decision and major bank earnings

Australia’s benchmark ASX 200 index is coming under mounting pressure as markets brace for a key policy decision by the Reserve Bank of Australia (RBA) and upcoming earnings from major banks Westpac Bank and National Australia Bank (NAB). The index has slid from its year‑to‑date high of around 9,113 on October 22 to approximately 8,865, its weakest level since mid‑October. Two main catalysts are weighing on investor sentiment: first, the RBA’s upcoming meeting where the direction of interest‑rate policy may shift; second, the banking sector’s earnings season, where margin pressures and loan‑loss risks are under the spotlight. The banks’ performance is expected to not only affect their own share prices but also ripple through the broader market given their heavyweight status in the index. With the ASX 200 already vulnerable, any dovish tone from the RBA or weak earnings from the banks could amplify market weakness. Conversely, a firm policy stance or robust financial results may offer some relief — making this week a key one for Australian equity markets. #ASX200 #RBA #AustralianBanks #MarketOutlook #SlimScan #GrowthStocks #CANSLIM