The silly season is clearly not yet over for the local share market, with traders pushing it 1.4 per cent higher in thin holiday trade.
from Retail http://www.abc.net.au/news/2014-12-29/local-share-market-rises-in-thin-trade/5991860
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The silly season is clearly not yet over for the local share market, with traders pushing it 1.4 per cent higher in thin holiday trade.
The Australian Retailers Association says businesses are reporting that Boxing Day sales have exceeded their expectations, while pre-Christmas trading got a late boost.
A Newcastle insolvency practitioner says he is getting a lot of enquires from businesses needing to restructure their finances, as a result of the Hunter's mining downturn.
Australians are expected to spend about $2.1 billion in today's Boxing Day sales, with some keen shoppers camping out overnight to secure themselves a bargain.
Australians spent in record numbers in the lead-up to Christmas, the peak retail body says, with those aged over 14 spending an average of $2,500 each in the six weeks leading up to today.