Daily FNArena News - Australia

Headline inflation in Australia jumped by 0.5% in May according to TD Securities, but we can blame the tobacco tax.

Brokers update their views on Australian banks while it appears the local housing bubble might be peaking.

Australian GDP for the March quarter is due next week and Westpac is forecasting growth of 0.4%, which compares to 0.9% in the December quarter last year.

As we move into June, it is a time to consider investors will be looking to sell stocks in order to crystallise losses and offset tax burdens.

After a disastrous five-year excursion into wine, Foster’s has shocked no one by finally announcing it intends to demerge its core beer business. Brokers breathe a frothy sigh.

A snapshot of economist responses to today’s lower than expected March quarter capex data for Australia.

As we are not seeing anything like the credit crunch of 2008, brokers remain confident of value on offer in stock markets with Australian resources and energy highly favoured.

With steep discounts to more stable net tangible asset valuations, JP Morgan has become very keen on Australian real estate trusts, while Merrill Lynch favours retail over office.

A snapshot of economist responses to today’s Westpac leading economic index and first quarter construction work done.

Brokers see Australian stocks now offering value, especially in the resources sector.