The Australian market continued its negative run into Tuesday closing the session lower as a sell-off in consumer staples stocks weighed on the key index.
Australia?s trade balance out today showed a surplus of 9.4 billion dollars for November but fell for a fourth straight month.
Retail sales data for November was also released today which came in at a record 33 billion dollars, an increase of 7.3%. Vmoto jumped 9.5% today after the global electric vehicle company upgraded its guidance for the 2021 financial year to expect between 7.5 million and 7.8 million dollars for the year which will be the largest net profit ever achieved in Vmoto?s history. A spotlight on Southern Dental Industries as the dental supplies manufacturer released a trading update today for the six-months ended December 31, 2021 including unaudited sales growth of 26% to a record first half performance. A shortage of chickens in Australia has led to fast food giant KFC reducing its menu in Australia.