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UBS has adopted a selective approach to real estate stocks, favoring those with strong growth potential, pricing power, and solid cash flows. The firm sees opportunities in companies with profitable pipelines and attractive yield gaps, while noting that Japanese developers are performing well, but REITs face challenges from rising interest costs. In Europe, short-term uncertainties persist, yet gradual improvements are expected, particularly in the US and Australian markets, while Hong Kong developers may benefit from stabilizing fundamentals in mainland China.
UBS has adopted a selective approach to real estate stocks, favoring those with strong cash flows, acquisition growth, and profitable project pipelines. While Japanese developers have shown strong performance, REITs face challenges from rising interest costs. In Europe, gradual improvements are expected, particularly in the UK, while the Australian market may benefit from falling funding costs. UBS remains cautious on Singapore and Hong Kong REITs but sees potential gains for Hong Kong developers amid stabilizing fundamentals in mainland China.
Goldman Sachs has revised its forecast for a rate cut by the Reserve Bank of Australia, moving it from April 1 to May 20. The RBA is expected to maintain the cash rate at 4.10% during its upcoming meeting on March 31 and April 1, as all 39 economists surveyed anticipate no change.
PsiQuantum, a Silicon Valley quantum computing startup, has raised over US$750 million, boosting its valuation to US$6 billion. The Australian government has invested US$940 million in the company, which is developing a photonics-based quantum computer and plans to build a facility in Brisbane by 2027. BlackRock leads the funding round, with participation from major investors including Microsoft’s M12 and Temasek.
Anduril Industries is expanding its manufacturing operations internationally, with a new production site in New South Wales to support the Australian Defence Force. The company is also developing the Ghost Shark, an autonomous underwater system, and has partnered with OpenAI to enhance national security through advanced AI integration. Company president Christian Bose commented on the uncertainty surrounding US defense budget discussions, highlighting potential reallocations toward emerging military capabilities.
Australia's inflation rate fell to 2.4% in February, slightly below expectations and the previous month's 2.5%. While the overall trend suggests inflation is stabilizing within the central bank's target range, concerns remain in the services sector, where inflation is still high at 3.6%. The Reserve Bank of Australia may consider a rate cut in light of these mixed signals and easing price pressures in the housing market.
Super funds are increasingly investing offshore, with estimates of $5.4 billion in net contributions flowing into foreign equities each quarter, impacting the Australian dollar's value. As funds convert these contributions, demand for currency swaps has shifted, pushing prices lower. Industry leaders indicate a significant portion of investments is now directed internationally, with ambitions to grow US investments from $400 billion to $1 trillion by 2032.
Australian inflation rose 2.4% year-on-year in February, below expectations, indicating a disinflationary trend that may influence policymakers' decisions on interest rates. Despite some softness in employment, improved PMI numbers and GDP performance support a gradual return to neutral rates, with a potential 25 basis point cut in May.In currency markets, AUD/JPY faces resistance at 95.81, while USD/JPY is attempting a bullish reversal, needing to break the March 3 high of 151.31 to confirm upward momentum. Both pairs are influenced by recent shifts in risk sentiment and trade dynamics.
Goldman Sachs advises investors to adopt a balanced and diversified portfolio strategy amid rising market volatility. The firm recommends an overweight position in equities and bonds, while maintaining a neutral stance on commodities and cash, and an underweight position on credit. Specific hedging strategies, such as put spreads on oil and selling risk-reversals on the EUR/CHF currency pair, are suggested to mitigate risks associated with potential economic downturns and geopolitical tensions.
AuKing Mining Ltd is set to advance its Cloncurry Gold Project in Queensland, focusing on the Mt Freda deposit following a deal with Orion Resources Pty Ltd for a potential 50% interest. The planned drilling program will enhance resource confidence and explore gold extensions, with a target of up to 10,000 metres of drilling to assess mineralization and processing options. A finalized drilling plan will commence after Orion completes its asset acquisition, aiming to revive gold production in the region.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs adopts selective approach to real estate stocks amid market uncertainties
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11:56 28.03.2025
ubs adopts selective strategy in real estate amid growth opportunities
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PsiQuantum secures 750 million funding raising valuation to 6 billion
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Anduril Industries expands manufacturing operations in Australia and partners with OpenAI
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03:45 27.03.2025
australian inflation falls below expectations raising prospects for rate cut
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super funds shift investments overseas impacting australian dollar and swap markets
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08:05 26.03.2025
Australian inflation eases as markets eye interest rate adjustments
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AuKing Mining outlines drilling plans to revive Cloncurry Gold Project
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