Daily FNArena News - Australia

UBS still sees the ASX200 at 5550 by year end, while RBS sticks to 5300. JP Morgan has lined up its favourite small caps.

CS strategists talk about value opportunities, with the small cap team reiterating its preferences and strategists at GSJBW and Macquarie making changes to their Conviction calls.

ANZ reports job ad growth fell 1.2% in April after three strong months but the trend is still healthy.

NAB’s Monthly Business Survey for April showed falls in both business conditions and confidence levels.

Stockbroker DJ Carmichael lists those Australian listed mining companies it deems to have no exposure to the resource super profits tax.

A snapshot of economist responses to today’s Australian retail sales data for March, which rose but by less than the market had expected.

The case for taking advantage of Henry-led weakness in the shares of Australia’s two diversified resource majors – the main targets of the tax.

A snapshot of economist responses to today’s Australian Building Approvals data for March.

One last hike and we have reached the “average” level, with the RBA hinting the tightening phase is over for now.

The RBA this afternoon decided to lift its cash rate to 4.5%.