AUSTRALIAN STOCKS RALLY: Here's what you need to know

The Australian Girls’ Choir performs during the City Of Sydney Christmas Launch at Martin Place. Brook Mitchell/Getty Images

Australian stocks closed higher.

Today’s scoreboard:

  • ASX200: 5,986.40 +22.88 +0.38%
  • All Ordinaries: 6,067.60 +23.40 +0.39%
  • AUD/USD: 0.7568 -0.0010 -0.13%

The local market came near, but could break through, the 6000 point barrier on the ASX200 index.

The big miners carried the day. BHP was 1.3% higher at $27.60 and Rio Tinto 0.9% to $71.75.

Among energy stocks, Woodside Petroleum was 1.5% higher at $31.36.

Online travel booking agent Webjet dropped 11.5% to $10.49 after its 2018 earnings guidance came in below analyst expectations.

Top Stories:

1. Amazon is coming. The Australian retailers most at risk from Amazon.

2. Also: There are reports that Amazon will be giving out free ice cream on Thursday to promote its Australian launch.

3. And: Amazon’s Marketplace team sent an email to sellers saying testing will start Thursday, signing off: “Let’s make history!”

4. The Australian media industry has had a brutal start to the year. And Amazon is partly to blame.

5. The top 10 stocks to watch on the ASX200. UBS has released its list of stocks that are well-placed to outperform the market next year.

6. The fragility of household finances. Another worrying reading.

7. The one-armed robot bricklayer just raised $35 million. The placement of 184,210,526 shares at $0.19 a share was completed with a small group of international and domestic institutional investors. Its shares jumped 7.5% to close at $0.215.

8. Millennials are having their midlife crisis early. A lot of their worry is centred around finding a job that they’re passionate about as they compare themselves to more successful friends.

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