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Consumer spending, mining in focus as Australian earnings ramp up

Thu, 04 Aug 2022

Consumer spending, mining in focus as Australian earnings ramp up
Firms like Qantas are juggling staff shortages and questions about customer demand trends. (Image: Getty)
Thu, 04 Aug 2022
Consumer spending, demand uncertainty for miners and labour challenges are front and centre as Australia’s earnings season ramps up this month.Investors will be looking to see how Australia’s biggest companies are weathering trying global macro conditions after the country’s benchmark S&P/ASX 200 Index fell 6.3% this year, outperforming the regional stock gauge by more than 10 percentage points.The world’s No. 2 miner, Rio Tinto Group, kicked off the results season last week by reporting a sharp profit decline and ha...

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