But veteran strategist Gerard Minack says that even if rates don’t climb any higher, this may not spare Australia from taking an economic hit, which would be negative for major sectors of the local sharemarket.

Source: https://www.theage.com.au/business/markets/savings-buffers-shrinking-as-recession-risks-increase-20230804-p5dtw4.html?ref=rss&utm_medium=rss&utm_source=rss_business

The Australian sharemarket is set to brush off the negative lead and open higher, with futures pointing to a gain of 12 points, or 0.2 per cent, at the open.

Source: https://www.smh.com.au/business/markets/asx-set-to-open-higher-despite-soft-lead-20230417-p5d0we.html?ref=rss&utm_medium=rss&utm_source=rss_feed