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(1) A survey released on Tuesday showed that the Australian consumer confidence index fell by 2.9% to 80.6 in June, ranking among the lowest levels in the survey's 50-year history (a reading below 100 indicates that pessimists outnumber optimists). (2) Analysts from Westpac Banking Corporation indicated that expectations for housing prices have dropped sharply, and some consumers feel uneasy about the government's newly announced proposals to adjust tax incentives for buying and renting properties. Additionally, the three rate hikes by the Reserve Bank of Australia this year and the surge in gasoline prices triggered by the Middle East conflict have severely hit confidence. (3) Driven by pressures from the cost of living, household financial expectations fell sharply in June, the long-term economic outlook darkened, and consumers reduced their expectations for future increases in housing prices.

Odaily reported that Apollo and Blackstone Group have raised $35 billion in funding for Anthropic's chip project. (FT)

Glonghui, June 9th｜Cantor Fitzgerald analyst CJ Muse pointed out that the memory market is at a significant turning point, and investors must reassess whether this traditionally cyclical industry has undergone a permanent structural change. Muse predicts that the DRAM and NAND markets will remain in short supply through the end of 2028. The firm estimates that global memory industry revenue will reach 1.21 trillion USD in 2027, with the DRAM market scale at about 850 billion USD and the NAND market at about 360 billion USD. By 2028, the overall market size is expected to approach 1.4 trillion USD. Based on an optimistic outlook for the industry, the firm raised the target price for Micron to 1,500 USD and for SanDisk to 2,900 USD.