Good morning, Paul-Alain in the Melbourne bureau with your must reads this morning. The bourse is set to edge lower at the open ahead of the Reserve Bank's interest rate decision which is due this arvo. Meanwhile, people might need to think twice when planning on pumping the aircon or heating next year after Treasurer Jim Chalmers said there'll be no extension to electricity rebates.
Treasurer Jim Chalmers said there'll be no extension to cost-of-living relief for households in the form of electricity rebates, as all eyes turn to the RBA today for any guidance on its future policy path.
US Secretary of State Marco Rubio said the Trump administration has endorsed the Aukus security agreement with Australia and the UK following a lengthy review of the Biden-era pact that would sell nuclear-powered submarines to Australia.