Australian retail sales surprised to the upside with consumer confidence improving on rate hold expectations. Global growth concerns eased following better-than-expected US employment data. Copper prices rebounded above $10,000/tonne on demand recovery expectations from China stimulus hopes.

ALU bounced 7% after announcing positive trading updates and same-store sales growth. Consumer discretionary spending accelerated in spring months with discount retail outperforming. Near $7.20, the turnaround story offers opportunity for patient capital; watch earnings upgrades.

RIO rallied on copper strength and positive production reports from Oyu Tolgoi development. The mining giant's diversified portfolio benefits from broader commodity recovery. At $128, the combination of yield and commodity leverage appeals to growth-orientated income investors.

JBH recovered on improving consumer electronics demand and online penetration gains. Back-to-school and spring product cycles supported sales momentum. At $42, the retailer offers exposure to consumer recovery with reasonable valuation on normalized earnings.

Spring selling intensity peaks this week with strong clearance rates across Sydney and Melbourne exceeding 65%. Investor demand for renovation-ready properties increases as construction costs stabilize.

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