The ASX 200 fell 0.2% to 8,851 on Monday, extending losses from the previous week, as weakness in the financial sector weighed on the index. Among the major banks, Westpac and National Australia Bank each fell 1.2%, while ANZ Group Holdings lost 0.9% and Commonwealth Bank of Australia dropped 0.5% as strong domestic economic data led markets to scale back expectations for further monetary easing by the RBA. Currently, markets are pricing in an 80% probability of a 25 bps rate cut in November. Moreover, energy stocks dragged the index lower, with Woodside Energy Group tumbling 3.6% amid falling oil prices that are expected to keep pressuring the sector. On the domestic front, the economic calendar remains relatively light this week, with investors awaiting data releases including building permits, housing approvals, consumer confidence, and inflation expectations, along with a scheduled speech from a RBA official that could offer further clues on the central bank’s policy outlook.