© Reuters. FILE PHOTO: A woman walks past a man examining an electronic board showing Japan's Nikkei average and stock quotations outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou/File Photo
"Markets have become increasingly confident that rates in the U.S. have now peaked," said ANZ analysts in a note. On Thursday, the Bank of England also left interest rates on hold and stressed it did not expect to cut them any time soon. Australian retail sales stumbled in the September quarter, with sales-per-person posting the largest annual drop on record, data on Friday showed.
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