Markets wrap: Aussie shares set to rise, central banks continue to tighten, Seven wins Logies and AFL deal

The ASX is set to rise today as global share markets went up over the last week. Aussie shares remain at high risk of further falls in the months ahead as central banks continue to tighten to combat high inflation, uncertainty about recession remains high and geopolitical risks continue.

The AUD is likely to remain volatile in the short term as global uncertainties persist. As expected, the RBA lifting the cash rate by 0.50% to 2.35% last week was announced as yet another attempt to curb inflation, which has showed few signs of slowing down in Australia.