Laura Besarati

So all of that playing a part.

Furniture retailer Nick Scarley was another company that got a broker downgrade today.

We've seen, of course, three rate hikes this year with another one on the cards.

Before the end of the year, we've had

you know, the Iran war driving a lot of uncertainty and pushing inflation higher.

And all of that has dented sentiment.

So these are generally not conditions where people are going to go out and spend extra money.

Then on top of that, the federal budget's proposed property tax and negative gearing changes could slow housing activity and also reduce consumer spending on big ticket items like furniture.

So Nick Scarley, another loser today.

Looking ahead to tonight, we get an update on consumer sentiment in the United States.

And we should also mention that it's Jerome Powell's last day as Fed chair.

So Kevin Walsh will be sworn in as the new Fed chair.

And of course, any developments between the US and Iran, we know from the past that a lot can happen over the course of the weekend.

So we'll update you on all of that on Monday morning.

But I think for now, have a lovely weekend.

Thanks for joining us all week and make sure you tune in to Gil and James on Monday morning.

A listener production.

But don't worry, it's a super busy week ahead.

Look, it's been a fairly quiet session for the Aussie market.

We kind of flagged this on Friday because it is a public holiday across some states and territories, but not all.