Daily FNArena News - Australia

There’s value up for grabs among Australia’s small caps stocks, stockbrokers say.

Westpac suggests Australia is undergoing a sea change in consumer behaviour, which brokers see as having an impact on operations for retailers of consumer discretionary items in particular.

BA Merrill Lynch has initiated coverage on PanAust with a Buy rating, attracted to the combination of leverage to copper prices and production growth going forward.

The Australian government and the miners and energy companies have reached an agreement on a new tax regime.

A snapshot of economist responses to today’s as expected Australian retail sales and weaker than expected building approvals data for May.

GS analysts don’t think RSPT concessions will boost mining stocks, while Citi calculates earnings risks and others line up their favourites.

RBS evaluates stocks impacted by changing dividend rules while JP Morgan weighs up the RSPT against the PRRT and Morgan Stanley warns of lower earnings for retail banking.

The latest plasma market data in the US suggest some IVIG volume growth but brokers have offered mixed reactions.

Management of The Reject Shop has confirmed earnings guidance and brokers are encouraged by expansion plans.

Citi assesses the current state of Australia’s LNG prospects while Deutsche Bank revisits pathology stocks and RBS downgrades recruitment stocks.