Lacklustre banking and resource stocks have held the Australian share market almost flat on Monday.
Retail petrol: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol rose by 0.7 cents per litre to a four-month high of 119.1 cents per litre in the week to May 29.
Sales up: Economy-wide sales rose by 1.5 per cent in the March quarter ? the biggest increase in six years (since December quarter 2009). Sales are up 2.2 per cent over the year.
The dollar extended its gains in Asia Monday on the back of comments from Federal Reserve boss Janet Yellen that bolstered speculation that a US rate hike was drawing closer.
China's central bank on Monday set the value of the yuan currency at a more than five-year low against the US dollar, according to the national foreign exchange market, in a pattern of weakness in anticipation of higher US interest rates.
MasterCard's Spending Pulse report shows retail sales fell 0.1 per cent in April, but they were still up by 2.8 per cent over the year.
Local shares started the new week in reverse shrugging off gains on Wall Street at the weekend.
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The "breakthrough" deal announced Wednesday to resume handing out bailout money to Greece sounded like old times: the International Monetary Fund working with European countries again as official lenders to Athens.
Patties Foods has received a $230 million non-binding, incomplete takeover proposal from private equity firm Pacific Equity Partners.
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