Morning Report 31 Jan 22: Flat start seen for ASX ahead of RBA

The ASX is set for a flat start to trade ahead of a week that will be define by the RBA. US sharemarkets were firmer on Friday, recording the best gains so far in 2022. Technology led gains although energy fell. Shares in Apple soared 7% after posting record holiday-quarter sales. At the close of trade, the Dow Jones index was up 565 points or 1.7%. The S&P 500 index rose by 2.4%. And the Nasdaq index gained 418 points or 3.1%. Over the week the Dow rose by 1.3%; the S&P 500 added 0.8%; and the Nasdaq was flat.

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