Markets

Victoria led Australia’s retail recovery through the December quarter – but ABS data suggests things won’t stay festive for long

Victoria helped Australia’s total retail sales volume rise 2.5% in the December quarter, according to new ABS data. Analysts say sales volume would have dipped without Victoria’s impact, and month-on-month retail turnover fell -4.1% in December. “The shift back towards pre-COVID spending patterns will continue,” said Dr Sarah Hunter, chief […]
Victoria led Australia’s retail recovery through the December quarter – but ABS data suggests things won’t stay festive for long
Markets

CHART: Short positions on Harvey Norman have been surging

Harvey Norman (HVN) has come under the spotlight this week, with short positions in the stock more than doubling. Traders short stocks when they think the price is going to fall. It involves borrowing the stock and selling it, with the aim being to buy it back at a lower […]
CHART: Short positions on Harvey Norman have been surging