FINSOC Weekly Wraps Vol.16

Jul 22, 2021 Weekly Wraps

• Australia underperformed against global equities by 9.6% in 2021. The Communication services sector gained 3.25%, while Utilities fell by 3.87% over the week
• Binance has been subject to intense regulatory scrutiny
• For the first time Ethereum has overtaken Bitcoin’s number of daily active addresses
• Stockland is closing in on a deal to add Queensland lifestyle villages group Halycon to its retirement living portfolio
• Morrisons has agreed to a 6.3 billion pound takeover deal by Fortress Investment Group
• Carpentria Resources has raised AU35.6 million to fund a banking feasibility study for its flagship