Business
Australian market falls, as retail trade surges on Black Friday and Victoria sales – ABC News
Australian shares have fallen moderately, but the latest retail figures reveal that sales have surged because of Black Friday and Victoria emerging from its COVID…
Australian shares have fallen moderately in afternoon trade, but are still trading near their optimistic pre-COVID levels.
Key points:
- Retail sales jumped (+7pc) to $31.65 billion in November
- The ASX 200 has risen 2pc since the new year began
- The Australian dollar hit 78.2 US cents last week, its highest value since April 2018
Markets have largely put aside concerns about more contagious strains of COVID-19 and another attempt to impeach Donald Trump in the final days of his presidency.
By 1:30pm…
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