Australian consumer sentiment has slumped following the Reserve Bank of Australia's rate hike. Oil prices continue to rally on positive fuel consumption signals. Asian stocks are expected to gain as CPI data and Fedspeak loom. Rivian plans to issue up to $15 billion of debt for a new plant in Georgia. Top meat producer JBS misses profit estimates due to eroding beef margins. Goldman Sachs predicts inflation in Australia and New Zealand to fall below 3% in 2024.
UK Minister expresses lack of surprise over failed EU-Australia trade talks. Tech and energy sectors lift the TSX Index to a 0.28% gain. An FTX employee recruited by Sam Bankman-Fried seeks a $275,000 bonus. Ottawa extends the deadline for underused housing tax. Surveys show that women are less likely than men to request a raise or negotiate salary. Many Canadians are financially strained and close to being broke. Canadian tech workers earn 46% less than their US counterparts
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Australian Consumer Sentiment Slumps Following RBA’s Rate HikeAustralian consumer sentiment has slumped following the Reserve Bank of Australia's recent interest rate hike. The China economy is also struggling to gain traction despite stimulus measures. Asian stocks are expected to gain as CPI data and Fedspeak loom. Goldman Sachs predicts that inflation in Australia and New Zealand will fall below 3% by 2024. UK Minister says he wasn't surprised that EU and Australia trade talks fell apart. Tech and energy sectors lift the TSX index to a 0.28% gain. An FTX employee recruited by Sam Bankman-Fried is seeking a $275,000 bonus. Oil output in the Permian Basin is expected to grow through at least year-end. The yen surges from its year's low, with traders attributing the move to options expiry. Ottawa extends the deadline for underused housing tax. Surveys show that women are less likely than men to request a raise or negotiate salary. Many Canadians are reported to be 'uncomfortably close to broke' and stuck in a 'chaotic whirlwind of personal finance stress'. Canadian tech workers earn 46% less than their counterparts in the US.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Australian Consumer Sentiment Slumps Following RBA’s Rate HikeAustralian consumer sentiment has slumped following the Reserve Bank of Australia's recent interest rate hike. The China economy is also struggling to gain traction despite stimulus measures. Asian stocks are expected to gain as CPI data and Fedspeak loom. Goldman Sachs predicts that inflation in Australia and New Zealand will fall below 3% by 2024. UK Minister says he wasn't surprised that EU and Australia trade talks fell apart. Tech and energy sectors lift the TSX index to a 0.28% gain. An FTX employee recruited by Sam Bankman-Fried is seeking a $275,000 bonus. Oil output in the Permian Basin is expected to grow through at least year-end. The yen surges from its year's low, with traders attributing the move to options expiry. Ottawa extends the deadline for underused housing tax. Surveys show that women are less likely than men to request a raise or negotiate salary. Many Canadians are reported to be 'uncomfortably close to broke' and stuck in a 'chaotic whirlwind of personal finance stress'. Canadian tech workers make 46% less than their counterparts in the US.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Canadian Companies Warn of Consumer Weakness Amid Rising Debt PaymentsCanadian companies are reporting a decline in consumer spending due to rising debt payments and inflation. The high household debt levels in Canada are causing consumers to change their behavior, leading to a decrease in sales for various industries. This trend is expected to continue as mortgage borrowers experience increased payments.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
UK Minister Says He Wasn’t Surprised EU, Australia Trade Talks Fell ApartUK Minister says he wasn't surprised EU, Australia trade talks fell apart. Tech and energy lift TSX index to 0.28% gain. FTX employee recruited by Sam Bankman-Fried wants $275,000 bonus. Oil output to grow through at least year-end in prolific Permian. Yen surges from year's low as traders pin move to options expiry. Emerging-market stocks halt declines as China sentiment improves. Stock traders sitting on their hands before CPI. More hedge funds are shorting oil as negative sentiment spreads. Fed supervisors are scrutinizing banks' interest-rate risks, Barr says. Ottawa extends deadline for underused housing tax. Women less likely than men to request a raise, negotiate salary: surveys. Many Canadians 'uncomfortably close to broke': MNP. Many Canadians stuck in 'chaotic whirlwind of personal finance stress': Edward Jones. Canadian tech workers make 46% less than U.S.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
UK Minister Says He Wasn’t Surprised EU, Australia Trade Talks Fell ApartUK Minister says he wasn't surprised EU, Australia trade talks fell apart. Tech and energy lift TSX index to 0.28% gain. FTX employee recruited by Sam Bankman-Fried wants $275,000 bonus. Oil output to grow through at least year-end in prolific Permian. Yen surges from year's low as traders pin move to options expiry. Emerging-market stocks halt declines as China sentiment improves. Stock traders sitting on their hands before CPI. More hedge funds are shorting oil as negative sentiment spreads. Fed supervisors are scrutinizing banks' interest-rate risks, Barr says. Ottawa extends deadline for underused housing tax. Women less likely than men to request a raise, negotiate salary: surveys. Many Canadians 'uncomfortably close to broke': MNP. Many Canadians stuck in 'chaotic whirlwind of personal finance stress': Edward Jones. Canadian tech workers make 46% less than U.S.
Source: BNNBloomberg - 🏆 83. / 50 Read more »