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Weekly market update - 06-10-2026 US shares fell sharply over the last week as the Democrat wins in the midterm elections renewed fears about tighter regulation of AI adding to worries about an AI bubble and leading to a sharp rout in AI related tech shares leaving the US share market on track for 2.7% fall. This also dragged Japanese and other Asian share markets down sharply. Eurozone shares managed a small rise though. Australian shares also rose managing a gain of around 0.8% helped by its relatively low exposure to AI related shares and less hawkishness from the RBA after its latest rate hike. While energy shares fell on the back of lower oil prices this was offset on the ASX 200 by gains in tech, consumer and property shares. -
Are higher interest rates working in Australia Higher interest rates are impacting Australian households, spending, housing, investment and the broader economy as the RBA works to bring inflation under control. This Econosights report explores how interest rate rises flow through the Australian economy, including the impact on mortgage repayments, consumer spending, household savings, asset prices, business investment, unemployment and the Australian dollar, and considers whether monetary policy is working as intended to ease inflation.
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