Australian Westpac Consumer Confidence Change (Apr) -12.5% (Prev. 1.2%)
The significant drop in Australian consumer confidence, from a previous increase to a -12.5% change, suggests a marked shift in sentiment that could impact consumer spending and economic growth.
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TAIWAN Nanya Technology Corp. (2408 TT) - Co. said DRAM prices are expected to continue rising as the AI-driven demand surge sustains a global chip shortage into next year
RBA Deputy Governor Hauser says not sure interest rates are at the right level to tame inflation, adds rates need to bring inflation to the 2-3% target and that Q2 headline inflation is around 5% due to fuel costs
Australian Westpac Consumer Confidence Change (Apr) -12.5% (Prev. 1.2%)
[CALENDAR ADDITION] US President Trump is to meet with House Speaker Johnson at 13:30EDT/18:30BST and to meet US Ambassador to China at 17:30EDT/22:30BST on Tuesday
PBoC is expected to set USD/CNY mid-point at 6.8173 (prev. 6.8657)
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This sharp decline indicates potential challenges for the Australian economy ahead, which might influence trade expectations and the outlook for monetary policy in the region.
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