Australia Day is a national public holiday celebrated on January 26th, marking the arrival of the First Fleet at Port Jackson in New South Wales in 1788. While not an economic event, it can impact financial markets as it is a public holiday, leading to the closure of financial markets and businesses, which may result in reduced trading volumes. The day is significant for the economy as it often involves increased consumer spending on celebrations and travel, providing a temporary boost to certain sectors. However, its impact on the broader economy and financial markets is typically limited and short-lived.
Australia Day is a national public holiday celebrated on January 26th, marking the arrival of the First Fleet at Port Jackson in New South Wales in 1788. While not an economic event, it can impact financial markets as it is a public holiday, leading to the closure of financial markets and busines...