Shares lost their early momentum and reversed early gains, as selling in miners and other blue chips offset solid buying in the banks, which are pushing higher following deregulation talk in the US.
- Retail disinflation returns in December, but overall the fourth quarter was solid for the sector
- NAB's cash earnings slip slightly despite a rise in revenues as higher expenses hit the bottom line
- The Aussie dollar remain stuck below US77ยข but shrugs off the soft retail sales numbers
- Strong US jobs numbers boosted sentiment on Wall Street as did Trump's move to cut banking regulation
Fairfax Media Australia
