Listed property trusts’ discounts to asset backing only got bigger in the past six months, despite write-downs. It suggests valuations need to fall further.AUD +0.2% to 64.85 US centsIn New York: BHP -0.2% Rio -0.1% Atlassian +1.6%Spot gold -0.02% to $US1941.86/oz at 2.27pm in New York10-year yield: US 4.08% Australia 4.02% Germany 2.46%Consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.8 per cent last month.
Services spending increased 0.8 per cent, driven by portfolio management and investment advice services, housing and utilities, restaurants and healthcare.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street: ASX set to edge lower, US stocks gainStocks are modestly higher on Wall Street in afternoon trading after economic updates showed the job market is still cooling, while growth remains resilient.
Source: theage - 🏆 8. / 77 Read more »
Wall Street: ASX set to edge lower, US stocks gainStocks are modestly higher on Wall Street in afternoon trading after economic updates showed the job market is still cooling, while growth remains resilient.
Source: smh - 🏆 6. / 80 Read more »
Wall Street: ASX set to edge lower, US stocks gainStocks are modestly higher on Wall Street in afternoon trading after economic updates showed the job market is still cooling, while growth remains resilient.
Source: brisbanetimes - 🏆 13. / 67 Read more »
ASX set to rise as Wall Street brightens; $A bouncesStocks are gaining on Wall Street following two economic reports that suggest the economy is cooling enough for the Federal Reserve to pause hiking interest rates.
Source: smh - 🏆 6. / 80 Read more »
ASX set to rise as Wall Street brightens; $A bouncesStocks are gaining on Wall Street following two economic reports that suggest the economy is cooling enough for the Federal Reserve to pause hiking interest rates.
Source: theage - 🏆 8. / 77 Read more »
ASX set to rise as Wall Street brightensStocks are gaining on Wall Street following two economic reports that suggest the economy is cooling enough for the Federal Reserve to pause hiking interest rates.
Source: brisbanetimes - 🏆 13. / 67 Read more »