Dear %%first_name%%,
The US is gearing up for a cliffhanging end to the year, with the Presidential Elections set to take place on Tuesday. The winner will have a big bearing on how successful the Congress is at negotiating a new financial plan for the US economy, otherwise the country could be pushed off the fiscal cliff. I explain why in today’s note.
Also in the Switzer Super Report, James Dunn analyses the recent NAB and ANZ results and compares their yields. And with China also set for a leadership change next week, JP Goldman takes a look at Shanghai stocks. Plus, we welcome Michael Heffernan, who answers the often-asked question of when to sell your shares. Enjoy the report!
Sincerely,
Peter Switzer
Australian online retail sales jumped by 23% in the 12 months to September, but while online retail is growing, the overall level is still modest compared with traditional sales, a National Australia Bank survey showed.
Online retail sales totalled $12.1 billion in the past year, equivalent to 5.5% of the traditional store retail sales. However, NAB found the growth rate for online retail sales continued to outperform traditional sales, which increased by 4% in the same period.