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macquarie leads australian banks in deposit and mortgage growth analysis

Morgan Stanley reports that Macquarie Group has achieved exceptional growth in deposits and mortgages, outperforming major Australian banks. The Commonwealth Bank of Australia has shown below-system growth in both areas, while Westpac has underperformed the market average. National Australia Bank exceeds industry benchmarks in household deposits but lags in mortgage growth, and ANZ matches the market in deposits but falls short in mortgages.

key risks threaten australian sharemarket recovery amid economic uncertainties

Morgan Stanley highlights key risks to the Australian sharemarket recovery, including a potential minority government that could slow spending and a shallow easing cycle from the RBA, with only one expected rate cut in May. The Aussie dollar faces pressure from US tariff threats, which could lead to price increases for consumer goods, while sentiment may be negatively impacted despite Australia's relatively modest exposure to tariffs.

Morgan Stanley downgrades national Australia bank amid increased execution risks

Morgan Stanley has downgraded National Australia Bank (NAB) from 'overweight' to 'equal weight' and reduced its price target by 7% to $34.80, citing higher execution risks due to management changes and competitive pressures in business banking. The firm retained its 'equal weight' rating for ANZ with a 7.5% price target increase to $29.30, while Westpac and Commonwealth Bank maintained their 'underweight' ratings, with price targets unchanged for Westpac and a slight increase for Commonwealth Bank to $128.

us stock gains and rba outlook propel asx 200 to record high

US stock markets rose, buoyed by technology gains and easing inflation concerns, while the ASX 200 reached a record high above 8600, supported by a strong earnings season and expectations of an RBA interest rate cut. Key economic indicators showed US inflation rising, with jobless claims falling, while Australia saw improvements in consumer and business confidence. Upcoming key dates include the RBA interest rate decision and Japan's Q4 GDP release.

ASX 200 hits record high amid strong earnings and rate cut expectations

The ASX 200 reached a new record high of 8575.2, buoyed by strong earnings and expectations of interest rate cuts from the RBA. Temple & Webster's shares soared 13.73% after reporting a 23.6% revenue increase, while Treasury Wine Estates saw a 5.07% drop due to cautious guidance. The financial and materials sectors led the gains, with the latter benefiting from rising iron ore prices.

JBWere Launches New Fixed Income Funds in Partnership with UBS

JBWere, in partnership with UBS, has launched two new active fixed income products: the UBS JBWere Australian Credit Fund and the UBS JBWere International Credit Fund, aimed at wholesale clients. These funds provide access to managed defensive assets, responding to a surge in demand for sophisticated fixed income solutions, particularly as Australian investors allocated a record A$6.26bn to managed fixed income funds in the first half of the year. The products will be structured as an Australian Unit Trust and integrated into JBWere’s Multi-Asset Platform, benefiting from UBS AM’s investment expertise and competitive management fees.

ASX 200 Declines as RBA Maintains Rates Amid Dovish Shift

The ASX 200 fell 34 points (-0.41%) to 8388 as the Reserve Bank of Australia maintained its cash rate at 4.35% for the ninth consecutive meeting, signaling a dovish shift. Resource stocks surged following China's announcement of 'moderately loose' monetary policies, while financial and technology sectors faced declines. A potential rate cut in February is anticipated, contingent on upcoming economic data.
06:31 10.12.2024

big four australian banks face scrutiny over valuations and future growth prospects

The "Big Four" Australian banks are facing scrutiny as analysts warn of overvaluation, particularly the Commonwealth Bank of Australia (CBA), which is trading at a P/E ratio nearly double the long-term average. Despite a strong bullish trend, many experts recommend caution, with predictions of a potential 30% decline in banking stocks next year. Westpac is seen as the best option among the group, while ANZ is favored for its growth potential despite integration risks from its Suncorp acquisition.
01:17 04.12.2024
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