Daily FNArena News - Australia

Analysts at BIS Shrapnel believe retail growth won’t make it back to pre-GFC golden era levels in at least the next decade.

In CBA’s view global food price inflation risks again appear to be rising, which has potential implications for both the Australian and global economies.

Lend Lease has secured funding for the first two Barangaroo towers and enough to get started on Tower 3. Brokers are excited about the announcement and see value to be realised ahead.

Morgan Stanley has initiated coverage on Qube Logistics with an Underweight rating, suggesting while the company is in an earnings cycle sweet spot too much is being priced in too early.

Yancoal Australia has listed following the merger of Yancoal and Gloucester Coal but high debt and low liquidity see both Citi and Macquarie rate the stock as Neutral.

JP Morgan has initiated coverage on NRW Holdings with an Overweight recommendation, adding to consensus Buy ratings among brokers in the FNArena databse.

With Australia’s economy growing faster than the RBA had assumed, the board decided the cuts to now are sufficient.

The RBA has elected not to further cut its cash rate this month below the current 3.5%.

Yesterday’s 11% fall for Aristocrat on disappointing guidance has prompted ratings upgrades as brokers see value.

Australian housing loan growth is at its lowest in 35 years but business credit continues to grow consistently. Should bank shareholders thus be optimistic or do the figures mask a different story?