Macro Overview
December holiday season culminates with strong consumer spending confirmed in final weeks. ASX trading volumes thin ahead of year-end break. January rate cut now fully priced by markets with speculation on subsequent cuts building.
ASX Stocks to Watch
Dexus (DXS)
DXS climbed on property portfolio strength and office market stabilization. Data centre expansion opportunities provide growth optionality. At $14.30, the property trust offers yield with mixed-use exposure.
InvoCare (IVC)
IVC rallied on funeral services demand stability and pricing power maintenance. Essential services characteristics provide defensive benefits. At $20.90, the funeral services play offers income with limited cycle sensitivity.
ASX Limited (ASX)
ASX Limited climbed on year-end capital raising surge and trading volatility. Record December volumes support equity derivatives and capital markets activity. At $140, the exchange operator benefits from market animation.
Property Signal
Christmas week sees property market completely dormant with year-end tax time property planning dominating investor focus. New year brings expected surge in listing activity.
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