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…
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