Sumary of Aust shares up despite offshore rate rises:
- Deep Data Analytics chief executive Mathan Somasundaram said the latest hike added to momentum for central banks to act.
- He cited overnight data which showed US consumer spending outstripped expectations in October and weekly jobless claims fell.
- The Australian Competition and Consumer Commission cleared NAB’s purchase of Citigroup’s consumer business.
- The bank will gain a substantial credit card business after the regulator found there was plenty of competition.