Daily FNArena News - Australia

Analysts can’t find much in the budget to impact on markets beyond what we already knew, but they are quick to point out the bullish assumptions contained within.

After Macquarie and JP Morgan initiated coverage on Miclyn with Buy ratings yesterday, Deutsche Bank has added to the positive view.

Both Macquarie and JP Morgan have initiated coverage on service vehicle provider Miclyn Express Offshore with the equivalent of Buy ratings today.

Between interim results and Europe, it’s been a wild ride these past few days for Australian bank investors. Where are we now?

UBS still sees the ASX200 at 5550 by year end, while RBS sticks to 5300. JP Morgan has lined up its favourite small caps.

CS strategists talk about value opportunities, with the small cap team reiterating its preferences and strategists at GSJBW and Macquarie making changes to their Conviction calls.

ANZ reports job ad growth fell 1.2% in April after three strong months but the trend is still healthy.

NAB’s Monthly Business Survey for April showed falls in both business conditions and confidence levels.

Stockbroker DJ Carmichael lists those Australian listed mining companies it deems to have no exposure to the resource super profits tax.

A snapshot of economist responses to today’s Australian retail sales data for March, which rose but by less than the market had expected.