The good news for motorists and retailers alike is that petrol prices have potential to fall even further.
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Given the global outperformance of the Australian share market, some investors are questioning the possibility of further gains.Craig James
It is harder to find value. But if the earnings season ends up showing that profitability remains super-strong, then investors would continue to drive their money into share markets, rather than other asset classes.
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The recovery in consumer spending is in its infancy. Retail growth in real terms has been the weakest in 12 years and is just picking itself up from the bottom. The car market is still weak, with seasonally adjusted sales falling 2 per cent in March after a 2 per cent fall in February.
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A firmer trend in house construction is expected to take hold later this year, extending into 2007. Approvals probably rose in February, underpinned by a rebound in the apartment sector.
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Corporate Australia is firmly behind the wheel of the Australian economy, while consumers have taken on the role of passengers in the current environment.
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We had very solid gains over December and some profit taking is not out of the question at this time of the year.
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Based on Keywords: motorists, petrolWhen we conquer without danger our triumph is without glory.
Pierre Corneille
I guess I'll retire someday if I live that long.
Bobby Bowden