Daily FNArena News

As the Australian banking industry slowly implodes, investment banking conglomerate Macquarie Group offers an oasis of ongoing earnings growth.

Michael Gable of Fairmont Equities notes packaging company Pact Group can retest prior highs having broken out of its range.

Stockland is deploying the proceeds of asset sales towards industrial developments as it shifts its portfolio mix.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Strong first half result aside, brokers suggest Pendal Group is facing weak flows and increasing costs which could depress the outlook.

The Chartist notes the S&P500 has broken out technically to suggest a run up but caution is still required.

Brokers are finding it hard to incorporate the fallout from the Royal Commission’s interrogation of AMP executives, including potential for net outflows, margin squeeze and higher corporate costs.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

WorleyParsons has indicated the resources industry has started to recover and expects a fair share of the work as customers reinvest in projects.

A glance through the latest expert views and predictions about commodities. Battery materials; energy; zinc; and iron ore.