It might be Australia’s premier gold miner but despite bullishness on gold, Newcrest doesn’t really excite all brokers.
Some economists believe that for the RBA to tame inflation, standard variable mortgage rates may hit 10%.
Sunland Group met expectations with its profit result and brokers continue to view the group positively given the growth potential of its Dubai operations.
Even allowing for the impact of recent bad weather DBS Group notes inflationary pressures are becoming the biggest threat for Chinese policy makers, so no change to tighter monetary policy is expected.
The Westpac-MI leading index shows the Australian economy is slowing while remaining above trend in December.
Revelations from the minutes of the last RBA meeting suggest another interest rate in March is all but in the bag.
Supply side issues have pushed up the aluminium price but JP Morgan suggests such stronger prices will not be sustainable, the broker retaining its negative view on Alumina Ltd as a result.
Industry consultant TradeTech has left its weekly spot price indicator unchanged for the second week in a row.
While a number of LNG projects have now been proposed in Queensland Credit Suisse doesn’t think the market will tighten enough to lift prices to levels allowing all the proposals to proceed.
Four out of six brokers upgraded WA News this morning, suggesting the negative response to the company’s first half result was overdone.
