ASX Trading Lower as Gold Miners Gain, Retail Data Raises Rate Hike Risk

The ASX is trading lower on Monday, with gold miners the only group to gain as the precious metal passes $US2,000 an ounce.

Unfortunately, there's no relief in sight either, with a lack of properties being built quickly enough, coupled with rising population numbers. "As such we expect broader measures of household consumption to outpace the retail data, albeit still show signs of moderation as higher borrowing costs and diminished savings buffers weigh on discretionary spending."could be one of the 'bloke-iest' companies in Australia; it has a branded motor racing team and sells industrial lubricants and grease.

The airline has denied profiting from delayed or cancelled flights and says the ACCC's case ignores the reality of the aviation industry that "airlines can't guarantee specific flights".The ASX is still firmly in the red at lunchtime, downBHP iron ore faces risk of strike action by train drivers The union says it and BHP Iron Ore have been bargaining for nearly two years for a replacement for theprecious metal has gained ~9% since Hamas attacked Israelwere the other notable performers on Friday; indeed the former is the best performer on the week, up 6.3% and benefiting from the improvement in China's growth outlook following last week's news of an increase in fiscal spending.

"In purely legal terms, the ACCC's case ignores a fundamental reality and a key condition that applies when airlines sell a ticket.

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