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WALL STREET INSIGHT

Wealth effect fuelling US consumer spending

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About US$107 billion will be spent online this holiday season, with the majority of that revenue likely going to Amazon, says an estimate by software maker Adobe.

US STOCKS rose last week as retailers revelled in the magic of the holiday season.

Stocks are likely to rise to new records this week, as long as congressional tax negotiators and the Organization of the Petroleum Exporting Countries (Opec) enter into the holiday spirit.

Trade

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