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Saxo market strategist Jessica Amir said Harvey Norman, JB Hi-Fi and Premier Investments shares were likely to continue surging because they didn't rely on selling products to China.
Higher interest rates and cost-of-living pressures forced consumers to cut back on spending in October.
The bank is expecting inflation and wages growth will remain higher for longer. The Reserve Bank will not begin reducing interest rates until November 2024, according to economists at ANZ, who previo
The persistently strong labour market and Black Friday sales are likely leading to a rise in consumer confidence, ...
Australian shares are set to open higher on Monday as investors hope the US Federal Reserve will back off its aggressive pace of monetary tightening.