Global Markets Face Headwinds as RBA Holds Rates, J&J Expands Oncology, and Japan Warns on Yen Volatility

Key TakeawaysThe Reserve Bank of Australia (RBA) maintained its cash rate, signaling a cautious stance on inflation and the economic outlook, while acknowledging potential for future policy adjustments.Global equity markets experienced a downturn, with Seoul shares declining due to tech losses and Australian shares hitting a four-month low amidst significant losses in the banking and mining sectors.Johnson & Johnson (JNJ) is set to bolster its oncology portfolio with the acquisition of Halda Therapeutics fo ...