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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.
global travel rebounds as firms face financial challenges in 2024
International tourism is nearing pre-pandemic levels, with a reported 790 million travelers in the first seven months of 2024, just 4% below 2019 figures. However, major travel firms like Corporate Travel Management and Flight Centre are facing financial challenges, leading to significant share price declines. In contrast, Qantas shows a positive outlook, with analysts maintaining a "Buy" rating despite potential legal issues.
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