Australian share market closes higher on first day back after Xmas holidays, Wall Street mixed — as it happened

The Australian share market has ended the day higher on its first day back after the Christmas break.Holiday trading conditions saw Wall Street trading flat overnight, with the broad expectation that quiet conditions were expected to continue during the holiday period until the new year.The Australian share market has got into the holiday spirit and ended the week on a high, with the ASX 200 up 0.5% to 8,261.

Overall, positivity in the region is due to ongoing optimism among traders about more interest rate cuts by the US Federal Reserve next year. They also remain reluctant to make significant moves at the end of the holiday shortened week to start fresh next week.It will all come down to some key data, according to Chris Weston from Pepperstone. Namely: December retail sales figures and household spending data , as well as December employment and Q4 CPI .

The key finding for me was that wealth is helpful — to smooth the buffers and shocks of life — but it's not everything. Economic and industrial-relations changes have affected employment and family relationships: notably the Global Financial Crisis kept wage growth low. Links between gender and inequality remain stubborn: Significant shifts in policies and what's considered 'normal' about gender roles have occurred since 1990, with increased access to education meaning women and girls are in a wider and better-paying range of occupations.

Global systems outages, such as the CrowdStrike failure, can leave organisations without access to digital payment methods. Higher yields are traditionally seen as negative for growth stocks, as it raises the cost of their borrowing to fund expansion. With markets increasingly dominated by the megacap technology stocks known as the Magnificent Seven, crimping their performance - especially in lieu of other market catalysts - will put downward pressure on benchmark indexes.

The three main indexes have hit multiple record highs this year on hopes of a lower interest rate environment and the prospects of artificial intelligence boosting corporate profits.

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