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Westpac warns Middle East conflict hurts profits and consumer confidence.
Australia's Westpac bank warns that the ongoing Middle East conflict is negatively impacting its customers and financial performance.
The bank reports a sharp decline in consumer confidence driven by rising fuel prices and high interest rates.
The conflict has also disrupted financial markets, pushing crude oil prices above $100 a barrel and causing volatility in Westpac's treasury division.
The bank is set to release its first-half results on May 5, just days before the federal budget.
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Westpac advierte que el conflicto de Oriente Medio perjudica las ganancias y la confianza del consumidor.