Daily FNArena News - Australia

Brokers predict which stocks will be promoted/relegated from the various S&P/ASX indices in June.

Lend Lease’s investor day update impressed analysts and provided much confidence in a sound footing for FY12 and beyond.

A snapshot of economist responses to today’s March quarter capex result, which indicated the upcoming capex surge will be greater than assumed but slightly later in its timing. RBA reprieve?

Australia REIT yields are attractive relative to bonds at current levels, leading brokers to suggest some opportunities leading into the big June ex-div period.

The great plasma boom is over, Macquarie declares. CSL is a strong performer but growth will now be subdued for some time.

Mirvac reiterated earnings guidance for FY11 and brokers remain broadly positive on valuation grounds, though an earnings jump is not expected until FY14.

Forget the data and follow the history of RBA language. It now points to a rate rise next month.

Brokers continue to lift their Iluka price targets substantially with no end in sight to mineral sands price increases. Alkane Resources is also in the frame.

While management has reiterated earnings guidance for FY11, Credit Suisse and RBS Australia both suggest earnings risk for Boart Longyear is to the upside at present.

A quarterly update by Westfield Group shows another lift in expected development starts, value on offer prompting two upgrades to Buy ratings.