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The New Daily
The New Daily
Tony Sycamore

Consumer confidence takes a dive as rising interest rates and high inflation weigh on sentiment

US stockmarkets rallied for a fourth straight week, supported by a downside surprise in US inflation data and the continued flow of better-than-expected earnings.

The ASX200 made a two-month high supported by the rebound on Wall Street and is looking increasingly comfortable above the critical psychological 7000 level.

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