Consumer stocks tumble as Australians face financial pain
The global tech stock rally continues, boosting US markets and lifting Australia this morning, with Anthropic fever largely behind it. That's ahead of inflation data out soon, which will could be decisive in interest rate policy here. With Aussie consumer spending changes hitting consumer stocks, another rate rise could be a savage blow.
Watchlist: JB Hi Fi, Woolworths, SK Hyix
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The skinny
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