Daily FNArena News - Australia

A snapshot of economist responses to today’s lower than expected March quarter capex data for Australia.

As we are not seeing anything like the credit crunch of 2008, brokers remain confident of value on offer in stock markets with Australian resources and energy highly favoured.

With steep discounts to more stable net tangible asset valuations, JP Morgan has become very keen on Australian real estate trusts, while Merrill Lynch favours retail over office.

A snapshot of economist responses to today’s Westpac leading economic index and first quarter construction work done.

Brokers see Australian stocks now offering value, especially in the resources sector.

Deusche Bank looks at emerging comapniues exposed to US growth while JP Morgan forecasts changes to index constiuents.

Citi suggests China will slow its slowing while Merrill Lynch sees value in Australian banks.

A Sonic boom has hit supposedly defensive medical companies, with Primary feeling the shock waves. But on the flipside, predators have pounced on embattled Sigma and Healthscope.

Given a weaker Aussie, Credit Suisse has reviewed the basic materials sector to determine winners and losers.

Housing starts are up and investors are returning to the local residential market while REITs with US exposure are again riding the fortunes of the exchange rate.