FINANCIAL NEWS

The Overnight Report: Marching Forward

A positive GDP revision bodes well for the US economy in the March quarter. Dow up 69.

9:03 AM


Today’s Financial Calendar

Significant Scheduled Events For 31 March, 2017

8:15 AM


The Short Report

FNArena’s weekly update on short positions in the Australian share market.

Mar 30 2017


Will Telstra Need To Cut Its Dividend?

Will Telstra need to cut its dividend? Brokers have asked this question for some time now and several revisit the prospect.

Mar 30 2017


Back To The High For JB Hi-Fi?

The Chartist suggests JB Hi-Fi is presenting a buying opportunity.

Mar 30 2017


Macquarie rates DCN as Outperform

Macquarie resumes coverage of the stock, with an Outperform rating and $2.90 target, following the completion of its $110m placement and retail offer.

The Mount Morgans gold development is now fully funded and on track for first gold in early 2018. The broker notes upside exists in both extensions to the planned underground and open pit positions as well as ongoing exploration.

Macquarie rates KAR as Outperform

Petrobras has withdrawn the appeal process for Bauna and Tartararuga Verde, effectively ending the sales process for the final negotiation rights. Despite the disappointment, Karoon's management believes the assets will be back on the market in the future.

Macquarie had not attributed any value to the deal. The termination removes the possibility of the transaction being tied up in courts and allows the parties to progress with a court-approved methodology.

Outperform and $2.40 target retained.

UBS rates PMV as Buy

UBS retains a positive view on the stock following the 10.77% investment in Myer ((MYR)).The company has stated it does not currently intend to make a takeover offer and, should its intentions change, the broker envisages synergies of well over $25m in the form of revenues and gross profit.

While a potential takeover would be strongly accretive, UBS notes it would come with substantial risk. Department stores globally have face significant pressure from online competition like Amazon in recent years. UBS retains a Buy rating and $17 target.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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DAILY FINANCIAL NEWS

Will Telstra Need To Cut Its Dividend?

Will Telstra need to cut its dividend? Brokers have asked this question for some time now and several revisit the prospect.

Mar 30 2017 - Australia


The Chartist suggests JB Hi-Fi is presenting a buying opportunity.

Mar 30 2017 - Technicals


Waste business Tox Free Solutions will cease to service the Chevron Australia operations on Barrow Island at the end of FY17 and brokers are uncertain as to whether the company’s earnings trajectory has troughed.

Mar 30 2017 - Small Caps


Syrah Resources is progressing its graphite business, signing a non-binding MoU with BTR New Energy Materials.

Mar 29 2017 - Small Caps


A glance through the latest expert views and predictions about commodities. Cyclone Debbie looms; Chinese coal policy; Steel strength; iron ore outlook; oil’s impact on commodities; platinum issues.

Mar 29 2017 - Commodities


2016 saw the lowest Australian wages growth in the history of recorded data. Commonwealth Bank modelling suggests a return to normal is still some way off.

Mar 29 2017 - Australia


RUDI'S VIEWS

Investor Optimism Keeps The Bull Alive

In this week's Weekly Insights: -Investor Optimism Keeps The Bull Alive -Quintis Versus Californian Short Sellers -Marijuana Mania Hits Australian…

Mar 29 2017

DAILY MARKET REPORTS

The Overnight Report: Marching Forward

A positive GDP revision bodes well for the US economy in the March quarter. Dow up 69.

9:03 AM


Today’s Financial Calendar

Significant Scheduled Events For 31 March, 2017

8:15 AM


The Overnight Report: Energised

A surprise drop in US inventories sent oil prices higher last night as Wall Street largely took a breather. Dow down -42.

Mar 30 2017


Today’s Financial Calendar

Significant Scheduled Events For 30 March, 2017

Mar 30 2017


The Overnight Report: Confidence Returns

Wall Street was shocked into recovery mode last night by an unexpectedly sharp jump in US consumer confidence. Dow up 150.

Mar 29 2017


Today’s Financial Calendar

Significant Scheduled Events For 29 March, 2017

Mar 29 2017


The Overnight Report: Don’t Panic

Wall Street remains nervously confident that despite Trump’s failure on health, tax reform and other policies are still in the offing. Dow down -45.

Mar 28 2017


WEEKLY REPORTS

The Short Report

FNArena’s weekly update on short positions in the Australian share market.

Mar 30 2017

Australian Corporate Bond Price Tables

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Mar 30 2017

Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

Mar 29 2017


Uranium Week: Credit Risk

An interesting new consideration has crept into spot uranium pricing, in a week which saw prices fall back once more.

Mar 28 2017

Australian Listed Real Estate Tables

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.

Mar 27 2017

Weekly Ratings, Targets, Forecast Changes

Weekly update on stockbroker recommendation, target price, and earnings forecast changes.

Mar 27 2017


Weekly Top Ten News Stories

Our top ten news stories from 16 March 2017 to 23 March 2017

Mar 24 2017

Next Week At A Glance

A brief look at important company events and economic data releases next week.

Mar 24 2017

The Wrap: Hospitals, Amazon And Henderson

Weekly Broker Wrap: IVF monitor; Australian hospital stocks; Amazon in Australia; Henderson merger; Pointerra; Skydive the Beach.

Mar 24 2017


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THE MARKETS

    Click item/line to change chart

  • Australia

    31 March 2017   Updated : 09:26   AEDT

    SPI Overnight (Jun)

    5889.00

    +9.00

    0.15%

    All Ordinaries

    5931.80

    +21.10

    0.36%

    S&P ASX 200

    5896.20

    +22.70

    0.39%

    S&P ASX 300

    5839.60

    +20.90

    0.36%

    Consumer Discretionary

    2175.70

    +7.00

    0.32%

    Consumer Staples

    9714.80

    +114.60

    1.19%

    Energy

    9319.80

    +90.30

    0.98%

    Financials

    6917.10

    +26.20

    0.38%

    Health Care

    22614.10

    +129.10

    0.57%

    Industrials

    5320.60

    -27.00

    -0.50%

    Info Technology

    836.30

    +0.10

    0.01%

    Materials

    9822.00

    +14.10

    0.14%

    Telecommunication

    1636.40

    +4.00

    0.25%

    Utilities

    8612.40

    -5.80

    -0.07%

  • Asia

    31 March 2017   Updated : 09:26   AEDT

    NZ50

    7175.630

    +6.520

    0.090%

    Nikkei 225

    19063.22

    -154.26

    -0.80%

    Hang Seng

    24301.09

    -90.96

    -0.37%

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  • Australasia

    31 March 2017   Updated : 09:26   AEDT

    AUD/USD

    0.7644

    +0.0001

    0.0100%

    AUD/NZD

    1.0919

    -0.0004

    -0.0400%

    NZD/USD

    0.7000

    +0.0005

    0.0700%

    AUD/JPY

    85.46

    -0.04

    -0.05%

    SGD/AUD

    0.94

    -0.00

    -0.02%

    AUD/EUR

    0.7156

    0.0000

    0.0000%

    AUD/GBP

    0.6128

    -0.0001

    -0.0200%

  • World

    31 March 2017   Updated : 09:26   AEDT

    CAD/USD

    0.7496

    +0.0004

    0.0500%

    EUR/JPY

    119.40

    -0.06

    -0.05%

    EUR/USD

    1.0681

    +0.0001

    0.0100%

    GBP/USD

    1.2471

    +0.0004

    0.0300%

    USD/JPY

    111.79

    -0.06

    -0.06%

    Click item/line to change chart

  • World

    31 March 2017   Updated : 07:38   AEDT

    FTSE100

    7369.52

    -4.20

    -0.06%

    DAX30

    12256.43

    +53.43

    0.44%

    DJIA

    20728.49

    +69.17

    0.33%

    S&P500

    2368.06

    +6.93

    0.29%

    Nasdaq Comp

    5914.34

    +16.80

    0.28%

    S&P500 VIX

    11.54

    +0.12

    1.05%

    US 10-year yield

    2.420

    +0.030

    1.260%

    USD Index

    100.51

    +0.57

    0.57%

  • Aus Stocks

    31 March 2017   Updated : 07:37   AEDT

    BHP (UK)

    1270.50

    +10.50

    0.83%

    Rio (UK)

    3290.00

    +31.50

    0.97%

    BHP (US)

    36.90

    +0.01

    0.03%

    Rio (US)

    41.08

    +0.20

    0.49%

    ResMed (US)

    71.52

    -0.96

    -1.32%

    South32 (UK)

    65265.98

    -262.31

    -0.40%

    James Hardie (US)

    15.96

    +0.16

    1.01%

    Telstra (US)

    24.80

    -0.02

    -0.08%

    Westpac (US)

    27.00

    +0.17

    0.63%

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  • Spot Metals & Minerals

    31 March 2017   Updated : 08:31   AEDT

    Gold (oz)

    1243.60

    -9.10

    -0.73%

    Silver (oz)

    18.10

    -0.11

    -0.60%

    Copper (lb)

    2.6631

    +0.0099

    0.3700%

    Aluminium (lb)

    0.8887

    +0.0054

    0.6100%

    Lead (lb)

    1.0629

    -0.0005

    -0.0500%

    Nickel (lb)

    4.5284

    +0.0446

    0.9900%

    Zinc (lb)

    1.2841

    +0.0019

    0.1500%

    Copper (t)

    5871.00

    +22.00

    0.38%

    Aluminium (t)

    1959.00

    +12.00

    0.62%

    Lead (t)

    2343.00

    -1.00

    -0.04%

    Nickel (t)

    9983.00

    +98.00

    0.99%

    Zinc (t)

    2831.00

    +4.00

    0.14%

    Iron Ore (t)

    81.60

    -0.30

    -0.37%

    Uranium (lb) weekly

    24.00

    -1.75

    -6.80%

  • Energy Futures

    31 March 2017   Updated : 07:37   AEDT

    West Texas Crude (May)

    50.37

    +0.93

    1.88%

    Brent Crude (May)

    52.96

    +0.65

    1.24%

    Henry Hub NatGas (Apr)

    3.19

    -0.04

    -1.24%

CALENDAR

Friday, 31 March 2017
NZ building permits, Feb
NZ business confidence, Mar
AU private sector credit, Feb
AU summer time ends (Sunday)
JP CPI, Feb
JP industrial production, Feb
JP unemployment, Feb
CH manufacturing PMI, Mar
CH services PMI, Mar
EZ flash CPI, Mar

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.29

ARB ARB CORPORATION LIMITED

$14.76

CSL CSL LIMITED

$125.49

IVC INVOCARE LIMITED

$14.12

RHC RAMSAY HEALTH CARE LIMITED

$70.18

WEEKLY PDF

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FNARENA TALKS


Watch The Bear Claws

Mar 13 2017

       

FNARENA WINDOWS

Window on TELECOMMUNICATION

Will Telstra Need To Cut Its Dividend?

Will Telstra need to cut its dividend? Brokers have asked this question for some time now and several revisit the prospect.

Mar 30 2017


Window on CONSUMER ELECTRONICS

Back To The High For JB Hi-Fi?

The Chartist suggests JB Hi-Fi is presenting a buying opportunity.

Mar 30 2017


Window on INDUSTRIAL SECTOR CONTRACTORS & ENGINEERS

Uncertainty Prevails For Tox Free Solutions

Waste business Tox Free Solutions will cease to service the Chevron Australia operations on Barrow Island at the end of FY17 and brokers are uncertain as to whether the company’s earnings trajectory has troughed.

Mar 30 2017


SMS FUNDAMENTALS

SMSFundamentals: An Alternative For The Capped-Out

Superannuation accumulators now “capped-out” by new regulations should consider imputation bonds as an alternative investment, Austock suggests.

Dec 15 2016


FEATURE STORIES

Australian Banks: Risks And Valuations

Housing bubble bursts? Fed hikes rapidly? Australia loses its AAA rating? Regulators tighten the screws? With all that is potentially facing Australia’s major banks, are they overvalued?

Mar 23 2017