Daily FNArena News - Australia

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

Macquarie Group’s nine-month performance in FY23 to date has already topped the record profit in the same period last year, but brokers debate whether FY24 might be a different story

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

Pinnacle’s investment spend drives weaker than anticipated affiliate revenue, but offers potential for improved returns longer-term

The ASX200 gained 6.2% in January, buoyed by a decline in 10-year bond yields and strong performances by the discretionary, materials and finance sectors

A slowing housing market continues to place pressure on banks to offer competitive pricing to borrowers, limiting upside ahead, but some brokers believe ongoing strength in net interest margins could offset impacts

Brokers are largely in agreement that the outlook for domestic general insurers is positive, anticipating the current strong commercial rate environment will persist

Lack of competition, alongside improved component supply, sees ResMed deliver a strong second quarter

Analysts have reviewed the retail sector, largely retaining assumptions that spending will slow ahead

A cost blow-out of $150m stands out in an underwhelming market update from Fletcher Building