Daily FNArena News - Australia

STW Communications has reiterated full year earnings guidance despite a tough operating outlook, leading brokers to argue there is value in the stock at current levels.

There were no measures to either positively or negatively shock any particular stock market sector, but nor was there much burden removed from RBA monetary policy in last night’s Budget.

Following the de-merger of Foster’s, shares in Treasury Wine Estates have commenced trading, prompting brokers to commence coverage on the stock.

Bank revenue growth remains sluggish, analysts noted, and profit results were not of great quality. NAB has moved to top pick.

The Reserve Bank of Australia’s quarterly statement on monetary policy released last week has indicated inflation is a concern, increasing the chance of an earlier than expected rate hike.

After a break of a few years RBS Australia has re-initiated coverage on OceanaGold with a Buy rating.

A snapshot of economist responses to today’s 0.5% fall in March retail sales when 0.5% growth was expected.

Tough conditions and rising costs have led to slightly disappointing interim earnings guidance from Coca-Cola Amatil but brokers remain broadly positive.

Brokers continue to assess stocks with earnings most at risk from a strong currency.

As the Australian stock market slip-slides away on the strength of AUD, brokers assess the impact.