Woolworths and Coles FY24 earnings to show challenging outlook for supermarkets

Earnings of Australia's top supermarket chains are likely to show constricted spending presenting a challenging outlook for Woolworths and Coles, as consumers deal with painfully high mortgage rates and sticky inflation. Decade-high interest rates and stubborn inflation still running above the central bank's target range has prompted consumers to be mindful of their spending, analysts warned.

Guests at the three-day destination celebration included Westwick's former 'Gossip Girl' costar Kelly Rutherford and model and actress Daisy LoweBradley goes from last in to BMW Championship winner and on to East Lake

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Market comeback, Disney earnings, Super Micro: 3 ThingsStock futures (^DJI, ^IXIC, ^GSPC) are green this morning as the market averages aim to recover from a wide sell-off at the beginning of the week. Disney...
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