The Wall Street Journal

Australian consumer confidence plummets on weak economy data

Australian consumer confidence plummets on weak economy data
Consumer confidence is dropping in Australia. (Image: Wikimedia)
The Wall Street Journal
Sydney — Australian consumer confidence recorded its biggest weekly fall of the year last week after data showing the economy remained largely lifeless in the first quarter, amid recent warnings from the Reserve Bank of Australia that further interest rate increases may still be required.Consumer confidence declined 3.5 points over the week to 77 points, according to a survey by pollster Roy Morgan and the ANZ Bank.The confidence reading fell below 80 points for the first time in six months, with broad-based declines in all major con...

More World

A hacking case boosted William Lewis’s career – now it haunts him
World

A hacking case boosted William Lewis’s career – now it haunts him

A past role at News Corp is casting a shadow for Jeff Bezos appointee. 

Australian shares take a breather after three-day climb
Markets ASX market wrap

Australian shares take a breather after three-day climb

The ASX200 has finished 0.2% lower, dragged down partly by BHP and Rio Tinto losses.

AAP 7:30am
Rare earth prices are in the doldrums
World

Rare earth prices are in the doldrums

Australia among nations who have drafted 'critical mineral' strategies.

Aussie shares close over key level for first time ever
Markets ASX Market wrap

Aussie shares close over key level for first time ever

The ASX200 rose 0.7% to close above 8,000 for the first time ever.

AAP 16 Jul 2024