Australian Westpac Consumer Confidence Index (Apr) 80.1 (Prev. 91.6)
The significant drop in the Westpac Consumer Confidence Index to 80.1 from 91.6 indicates a substantial deterioration in consumer sentiment in Australia.
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 Index (Apr) 80.1 (Prev. 91.6)
[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 decline could suggest weakening domestic demand, raising concerns about economic growth, and potentially influencing the Reserve Bank's monetary policy stance in future decisions.
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