ANZ share price slips after RBA minutes; what could move ASX:ANZ next
ANZ closed down 0.7% at A$39.36 on Tuesday, underperforming other major banks as investors reacted to Reserve Bank of Australia minutes signaling possible further rate hikes. The ASX 200 rose 0.2% to 8,958.9, supported by gains in mining stocks. ANZ’s first-quarter underlying profit rose 17% to A$2.0 billion, but analysts flagged the shares as overvalued. Investors now await key macro data and ANZ’s half-year results in May.