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The Santa Claus rally presents a promising opportunity for Australian markets, particularly benefiting the financial, commodity, technology, and energy sectors. Key players like Commonwealth Bank, Northern Star Resources, and Xero are poised to capitalize on increased consumer spending and positive market sentiment during the holiday season. Additionally, Afterpay's growth potential is bolstered by its recent acquisition and the popularity of its Buy Now, Pay Later model amid festive spending.
IG
Macquarie Group Ltd. is considering the sale of its helicopter leasing business, Macquarie Rotorcraft, which could be valued at approximately $1.2 billion. The company has started reaching out to potential buyers, although no final decision has been made, and it may choose not to proceed with the sale.
Corio Generation Ltd., an offshore wind developer backed by Macquarie Group, is laying off staff as the renewable power sector faces rising equipment and debt costs. Despite rapid growth since its 2022 launch and ambitious projects in the UK, South Korea, and the US, the industry is experiencing project cancellations and workforce reductions.
Gold prices are expected to rise significantly in 2025, potentially reaching a record high, as the Federal Reserve is anticipated to cut rates and central banks increase their gold reserves. While the first quarter may see challenges due to a stronger US dollar, analysts suggest that a surge in Chinese demand or shifts in US fiscal policy could drive prices towards $3,000 an ounce.
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