Laura Bessarati

Yeah.

And NAB is trading ex-dividend.

So its share price is actually the only one of the major banks that are falling.

It's down 1.3% and they're set to pay $0.85 per share on the 2nd of July for their interim dividend.

And tonight it looks like it's going to be a flat start to trade for Wall Street, but of course that's after hitting a record high last night as we spoke about.

And then we have tomorrow on the local front, Westpac will be trading ex-dividends, so its share price could be a bit of a weight.

We have full year results out from Macquarie Group and a few more quarterlies to come, including Block Inc, QBE, News Corp and REA Group.

And the RBA just raised rates for a third straight meeting.

Are there more hikes to come?

I'm Laura Bessarati.

Stevie, it looks like the market is going to fall for the 10th time over the past 11 sessions.

Of course, there's been a lot for investors to digest over the past 12 hours or so with tensions in the Middle East seeming to escalate overnight with more missiles being launched.

And then today with the RBA interest rate decision where they did in fact raise interest rates for the third straight meeting.

So three rate hikes in a row.

So as I mentioned, third rate hike in a row, but this was widely expected.

So there was roughly an 80% chance that they would hike.

So really not a surprise.

In terms of the 4.35% where the cash rate is sitting now, that's actually its highest level since December 2018.

2024.

So what this has done is essentially undo all the rate cuts that we got last year in 2025.