Daily FNArena News - Australia

Strategists at Macquarie, RBS and BA-ML updated their thoughts, while JPM’s emerging companies team lined up a list of favourites.

Telstra has reached agreement with NBNCo with respect to migrating customers and leasing infrastruture, but brokers don’t like the lack of details.

In reports written prior to the latest RMB events, both RBS and Citi stated their value attraction to Australian resources stocks. CS updated its small cap preferences.

According to CommSec the latest Australian jobs growth data showed the mining, construction and transport sectors have returned as the primary drivers of the Australian economy.

Strategists at Citi, Macquarie and UBS have outlined a few ideas, good and bad, for short and longer term horizons.

Property developer Peet is considering using external distribution to expand the size of its property syndicates and Citi is positive on the move.

Macquarie has initiated coverage on coal play Whitehaven with an Outperform rating and $5.30 price target.

Westpac economist Matthew Hassan sees signs house prices in Australia are due for a breather following some hefty gains over the past six months.

Westpac-MI leading index retreated in April, admittedly from a very high level.

BIS Shrapnel forecasts modest growth only for Australian property prices as a lack of affordability and higher interest rates will limit gains.