Daily FNArena News - Australia

Global bond yields remain an important driver of the relative performance of A-REITs, yet brokers suggest the sector has become less compelling following its recent rally.

A steep fall in residential dwelling commencements over the next two years is likely to overshadow the more modest increase in non-residential construction, a report from BIS Oxford Economics suggests.

The RBA suggests the next move in rates will be up, just not yet, given an economy growing at above-trend. For different reasons, economists disagree.

Galaxy Resources posted an improvement in June quarter production and a further financing deal for Sal de Vida could be the next catalyst.

Whitehaven Coal is riding a wave of multi-year highs in coal prices but a few uncertainties are creeping into the outlook.

A2 Milk sustained strong growth rates in FY18 but expectations for FY19 have softened because of the increased investment designed to expand the company’s presence in China and the US.

Several uncertainties prevailing in the June quarter delivered a mixed performance for wealth manager Pendal Group and brokers remain cautious for the year ahead.

Recent acquisitions have supported growth in funds under management for Magellan Financial in the second half of FY18, although brokers disagree regarding whether this is the right time to buy the stock.

Independence Group is keen to discover more nickel and its quality product from Western Australia is sought after, providing a positive outlook for FY19.

A new deal with Caltex prepares Woolworth’s fuel business for sale, but broker responses are mixed.