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Reigning in Reddit – Money Mate

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Reigning in Reddit

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Reigning in Reddit, the RBA rates decision and trade and retail figures are all in the spotlight this week.

With a buy on short-sell stocks last week, triggered by so-called Reddit day traders driving up the price of GameStop, US lawmakers will be looking at social media-driven share trading.

Locally, mortgage holders will be keeping an eye on the RBA rates decision on Tuesday and whether it will keep the cash rate unchanged at 0.1% for a third consecutive month.

And just how has the China-Australia trade war affected Australian exports? We’ll find out on Thursday when the ABS releases data for December imports and exports.

b0fb68374e58b9461788c5dff7754d94 Monday 21:00 AEDT
Unemployment Rate (Dec)

How have pandemic conditions affected jobs in Europe?

Tuesday 14:30pm AEDT
RBA cash rate decision

How will the big banks respond to the RBA latest rates decision?

Thursday 11:30 AEDT
Trade Data (Dec)

Will exports be affected by the Australia-China trade war?

Friday 11:30 AEDT
Retail Sales (Dec) (QoQ)

Has the buy now, pay later frenzy continued the retail bonanza?

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BNPL drives retail sales frenzy

The buy now, pay later frenzy has sent shares in the likes of Afterpay and Zip Co soaring, with the tech stocks surging 14.5% and 35.4%, respectively, since the start of 2021.With December retail sales figures due out on Friday, we’ll get a look at just how much online shopping Aussies did in the lead up to Christmas.

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