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retail data hints at potential interest rate cuts in australia

November's retail trade data in Australia showed a 0.8% month-on-month increase, below the expected 1.0%, raising the likelihood of a February interest rate cut to around 75%. The Black Friday sales boosted retail activity, but analysts warn of challenging conditions ahead, particularly for companies like Myer and Lovisa, which are facing stagnant household activity and cost pressures.
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Australian Dollar Australia and New Zealand Banking Group Ltd National Australia Bank Limited Commonwealth Bank of Australia Myer Holdings Ltd Premier Investments Limited JB Hi Fi Ltd Harvey Norman Holdings Ltd Westpac Banking Corp AUS Henry Jennings David Laney My Bui Mark Gardner Kyle Rodda Juliette Saly Show more
Finance & Economy, Market Report
06:17 15.01.2025
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