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us tariffs spark global market volatility and impact australian investors
The US administration's tariffs on Canada, Mexico, and China have triggered retaliatory measures and market volatility, with the Australian dollar hitting a near five-year low. While Australia may remain insulated due to its trade surplus with the US, companies like Fisher and Paykel Healthcare and Cettire face potential impacts, leading to significant stock declines. Analysts suggest a cautious outlook, emphasizing the importance of maintaining perspective amid ongoing trade tensions.
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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