Monthly Archives - July 2020

Urban sprawl pushes US home sales to near 13-year high: Aus shares set to open lower

27 Jul 2020 - Based on the SPI, the ASX is poised to start the week on a negative note following mixed leads from international markets on Friday. The US Commerce Department has announced that sales of new single-family homes in the US soared to a near 13-year high in June. The meteoric rise in home sales comes on the back of low interest rates and a new migration trend sparked by covid-19. Digital Wine Ventures (ASX:DW8) generated total...

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IAG leads drop: Aus shares close 1.2% lower

24 Jul 2020 - The ASX declined today to close 1.2 per cent lower by 71 points to finish at 6,024, a 0.2 per cent decline over the week. IAG (ASX:IAG) led the drop on the news that it scrapped its dividend after flagging flat growth in gross written premiums. The ABS announced a jump in export growth on the back off strong iron ore exports. BlackWall Property Trust (ASX:BWR) announced it will acquire WOTSO Workspace.

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Vicinity Centres (ASX:VCX) takes $1.79 billion hit

24 Jul 2020 - Vicinity Centres (ASX:VCX), which operates its flagship Chadstone shopping centre in Melbourne, announced a fall of 11.3 per cent in its portfolio net value in the six months to June 30, reducing its portfolio’s value by $1.79 billion to $14.1 billion.

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