Business
ASX down 1.1%, falls below 6600 as miners and banks drag – The Sydney Morning Herald
The S&P/ASX 200 is falling lower this afternoon and has dropped below 6600 for the first time since 2 December.
A strong Black Friday sales period, bolstered by broader stimulus-induced spending, has powered November’s retail sales to significant heights according to preliminary data from the Australian Bureau of Statistics.
The ABS reported today preliminary sales in November jumped 7 per cent compared to October, and rose a whopping 13.2 per cent when compared to last November, prior to the effects of the COVID-19 virus.
Victoria, which had its first full month of retail trade uninterrupted by lockdowns…
-
General20 hours agoAustralia loses ODI series to South Africa with defeat in second game in Mackay
-
General18 hours agoEveryday AI use brings a hidden climate cost
-
Noosa News23 hours agoBoat crash in Helensvale on the Gold Coast leaves man with life-threatening burns and another one injured
-
General21 hours agoFlorida must stop expanding ‘Alligator Alcatraz’ immigration center, judge says