Dividends to dominate earnings; house price slump; Mag 7 tech stocks find friends

Monday 3 August 2026

Earnings season kicks off with dividends set to dominate as a result of CGT changes.

• The housing downturn in Sydney and Melbourne has spread to the rest of the country
• Investors warm again, for now, to the Magnificent 7 tech stocks on Wall Street
• Telstra switches on satellite access to users in the bush
• Local wine exports fall to their lowest level in more than 20 years

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