Australian Westpac Consumer Sentiment (Apr) 80.1 (Prev. 91.6)
The significant drop in Australian Westpac Consumer Sentiment from 91.6 to 80.1 signals a marked deterioration in consumer confidence.
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 Sentiment (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 is likely to impact retail spending, which could pose challenges for economic growth and influence future monetary policy decisions, particularly if sentiment remains weak going forward.
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