Scoreboard: Rate chatter

Australian stocks are tipped to rise modestly ahead of new home sales figures, while tomorrow's RBA rate decision will also give investors plenty to ponder.

Not a great deal happened on Friday night, largely because there was no major news or data flow for that session. The key data release was the University of Michigan’s consumer confidence index. This showed confidence rose to 82.5 in June (final estimate) from 81.2. Not bad, but it doesn’t compare with the big gun figures we see this week -- payrolls and the ISM index. Naturally, investors are going to wait for those figures.


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