5 PM After-Hours Flash: ANZ Roy Morgan Consumer Confidence | Stablecoins overtake Bitcoin in Latin America crypto purchases — Bitso | Fiscal Bal
Builders are not the only ones losing faith. Consumer confidence in Australia just slipped again. ANZ Roy Morgan's latest reading fell below the previous 91.3 as households grapple with sticky inflation and higher borrowing costs. That weakness is feeding directly into tomorrow's SPX and VIX outlook with risk appetite looking fragile overnight.
Meanwhile in Latin America, a major shift is underway. Bitso's latest report reveals stablecoins have now overtaken Bitcoin in everyday crypto purchases. Dollar-linked tokens are winning as inflation-hit households use them for remittances, bills, and daily spending. The trend is accelerating across the region and could keep pressure on Bitcoin's dominance well into Asian trading tomorrow.
And in Europe, fiscal numbers just landed heavier than expected. The latest Fiscal Balance came in at a deficit of 110.1 billion, wider than the previous 70 billion shortfall. That blowout is already weighing on European futures and pushing safe-haven bids in forex pairs.
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