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Live updates: ASX gains ground, Origin Energy shares surge after regulator approves takeover

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Australia's share market has made early gains after Wall Street's major indexes closed higher overnight.

Hello, Emily Stewart taking over the blog now. We've got 3 consumer sentiment surveys out today. The first one is the ANZ-Roy Morgan Consumer Confidence index, which found confidence was up 1.9pts to 80.1 this week. This marks the highest level since February, after the Reserve Bank left official interest rates unchanged for the fourth straight month.

Confidence about personal finances has been key to the recent upwards trend, says ANZ Senior Economist Adelaide Timbrell. 'One less encouraging reason 'current finances' confidence is likely trending up may be because the question asks participants to compare their current finances to a year ago, and inflation and interest rates were already a central issue for households in late 2022.

 

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