Australian consumer sentiment has slumped following the Reserve Bank of Australia's rate hike. Oil prices continue to rally on positive fuel consumption signals. Asian stocks are expected to gain as CPI data and Fedspeak loom. Rivian plans to issue up to $15 billion of debt for a new plant in Georgia. Top meat producer JBS misses profit estimates due to eroding beef margins. Goldman Sachs predicts inflation in Australia and New Zealand to fall below 3% in 2024.
UK Minister expresses lack of surprise over failed EU-Australia trade talks. Tech and energy sectors lift the TSX Index to a 0.28% gain. An FTX employee recruited by Sam Bankman-Fried seeks a $275,000 bonus. Ottawa extends the deadline for underused housing tax. Surveys show that women are less likely than men to request a raise or negotiate salary. Many Canadians are financially strained and close to being broke. Canadian tech workers earn 46% less than their US counterparts
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Australian Consumer Sentiment Slumps Following RBA’s Rate HikeAustralian consumer sentiment has slumped following the Reserve Bank of Australia's recent interest rate hike. The China economy is also struggling to gain traction despite stimulus measures. Asian stocks are expected to gain as CPI data and Fedspeak loom. Goldman Sachs predicts that inflation in Australia and New Zealand will fall below 3% by 2024. UK Minister says he wasn't surprised that EU and Australia trade talks fell apart. Tech and energy sectors lift the TSX index to a 0.28% gain. An FTX employee recruited by Sam Bankman-Fried is seeking a $275,000 bonus. Oil output in the Permian Basin is expected to grow through at least year-end. The yen surges from its year's low, with traders attributing the move to options expiry. Ottawa extends the deadline for underused housing tax. Surveys show that women are less likely than men to request a raise or negotiate salary. Many Canadians are reported to be 'uncomfortably close to broke' and stuck in a 'chaotic whirlwind of personal finance stress'. Canadian tech workers earn 46% less than their counterparts in the US.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Australian Consumer Sentiment Slumps Following RBA’s Rate HikeAustralian consumer sentiment has slumped following the Reserve Bank of Australia's recent interest rate hike. The China economy is also struggling to gain traction despite stimulus measures. Asian stocks are expected to gain as CPI data and Fedspeak loom. Goldman Sachs predicts that inflation in Australia and New Zealand will fall below 3% by 2024. UK Minister says he wasn't surprised that EU and Australia trade talks fell apart. Tech and energy sectors lift the TSX index to a 0.28% gain. An FTX employee recruited by Sam Bankman-Fried is seeking a $275,000 bonus. Oil output in the Permian Basin is expected to grow through at least year-end. The yen surges from its year's low, with traders attributing the move to options expiry. Ottawa extends the deadline for underused housing tax. Surveys show that women are less likely than men to request a raise or negotiate salary. Many Canadians are reported to be 'uncomfortably close to broke' and stuck in a 'chaotic whirlwind of personal finance stress'. Canadian tech workers make 46% less than their counterparts in the US.
Source: BNNBloomberg - 🏆 83. / 50 Read more »