
Australian shares edged slightly lower this week, with the ASX 200 down 0.2%. Higher fuel prices continued to flow through to the broader economy, pushing inflation expectations to their highest level since 2022. Business surveys also pointed to renewed cost pressures, while both consumer and business confidence weakened, raising concerns about the outlook for growth and household spending. Despite this, the technology sector stood out, rising 13.0% on the back of positive momentum from US mega cap tech.
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