Forex
Profit Downgrades Loom as Economy Slows
A wave of profit downgrades is expected in the final week of Australia's annual reporting season as companies respond to a slowing economy.
Major retailers JB Hi-Fi, Myer, and Nick Scali have reported difficult trading conditions, while major banks have highlighted concerns over the local property market.
Investors will be watching results from Wesfarmers, Harvey Norman, and Qantas for clues on how the Reserve Bank of Australia's interest rate rises and oil price spike are affecting the economy.