Daily FNArena News - Australia

The uncertainty has lifted and Telstra is soon to get a big cheque to help it through the NBN transition, stockbrokers note.

While ad spend has bounced back post-GFC to the benefit of media stocks, managers remain cautious and brokers suggest investors should be selective.

Market strategists at BA-ML, RBS Australia and Macquarie have updated their Best Ideas.

Local retailers beware. We’re all about to start buying cheaper goods from on-line sites because our currency is overvalued, according to CommSec. Or is it?

Two month’s after surprising the market with weak earnings guidance, Macquarie Group has been forced to make a second, substantial, downgrade.

The Australian economy has never had it so good, finds NAB, as long as you’re nowhere near the south-east corner.

Some observations from your editor, plus the latest updates by market strategists at leading stockbrokerages.

The post-GFC bad debt pressure may be easing, but UBS notes CBA’s loan book quality is deteriorating.

Leucadia holds 8% of Fortescue and has opposed moves by the company to issue additional debt to raise funds, which brokers suggest has potential funding implications for the iron ore play.

Leading US funds manager BlackRock foresees authorities being forced to inflate the US out of debt and out of an increasingly likely dip back into recession.