Consumer confidence hits a four year low before Christmas
From SBS On the Money · 00:11:36
Show by SBS
With Christmas sales approaching, falling confidence raises questions about household spending and the outlook for sharesThe ASX 200 rose 1.1 per cent to an 11-week high as oil prices fell, while consumer confidence dropped to a four-year low ahead of Christmas sales. SBS Finance Editor Ricardo Gonçalves speaks with Raaz Bhuyan, Portfolio Manager at Wavestone Capital, about what’s driving sentiment and where investors may find opportunities. The episode also explores recent selling in tech stocks, Anthropic’s reported fundraising plans and how businesses are investing in AI.In this episode• What falling consumer confidence could mean for spending ahead of Christmas sales• Why the sharemarket rose as oil prices fell• How investors are weighing recent tech share sales and AI’s growth prospects• What bank results and company commentary suggest about AI investment and the economy
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