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Wall Street rallies on trade optimism amid mixed economic signals

Wall Street extended its winning streak to eight sessions, buoyed by strong corporate earnings and positive trade deal signals from President Trump regarding India, Japan, South Korea, and China. Major indices, including the Australia 200, rose amid a global risk-on sentiment, supported by a favorable Q1 2025 inflation report from Australia.Key economic indicators showed a widening trade deficit and a drop in job openings, while consumer confidence and GDP contracted. The upcoming week features significant data releases, including the ISM Services PMI and the FOMC interest rate decision, as markets brace for potential rate cuts amid ongoing economic uncertainties.

ubs downgrades computershare stock to sell amid market concerns and valuation risks

UBS has downgraded Computershare Limited from Neutral to Sell, setting a price target of AUD39.00, despite the company's strong 56.7% return over the past year. Concerns over short-term transactional revenues amid market volatility and a high P/E ratio have influenced this decision, even as the company is expected to achieve approximately 15% EPS growth for FY25E. Other analysts have also adjusted their ratings, reflecting a cautious outlook on valuation and earnings growth.

ubs downgrades computershare stock to sell amid market concerns and valuation risks

UBS has downgraded Computershare Limited from Neutral to Sell, setting a price target of AUD39.00, despite the company's strong 56.7% performance over the past year. Concerns about market volatility and lower near-term EPS growth outlook have influenced this decision, even as the company maintains solid fundamentals and a consistent dividend record. Other analysts have also adjusted their ratings, reflecting a cautious sentiment regarding Computershare's valuation amidst a challenging market environment.

ubs downgrades computershare to sell amid market volatility and valuation concerns

UBS has downgraded Computershare to a Sell rating, raising the target price to AUD 39.00, citing concerns over performance in a challenging market despite the company's strong financial health and a 56.7% return over the past year. Analysts express caution regarding valuation risks, with a current P/E ratio of 28.6x, significantly above UBS's forward P/E of 19.2x. While Computershare's fundamentals remain solid, including a 32-year track record of dividend payments, lower margin income yields may limit EPS growth through fiscal 2026.

ubs downgrades computershare to sell amid market challenges and valuation concerns

UBS has downgraded Computershare to "sell," lowering the price target to AUD 39.00, despite the company's strong 56.7% return over the past year and solid financial health. Concerns over short-term transactional revenue and valuation risks, with a current P/E ratio of 28.6x, prompted the downgrade. Other analysts have also adjusted their ratings, reflecting mixed sentiments about the company's earnings growth and market conditions.

ubs analysts highlight jpy value while canadian dollar is overvalued

UBS analysts have identified the Japanese yen (JPY) as the best value currency, with a fair value estimate adjusted to 125, while the Canadian dollar (CAD) is considered overvalued at 1.52 against the USD. The Australian dollar (AUD) is viewed as undervalued, and the Norwegian krone (NOK) is more undervalued than previously assessed, though full convergence to fair value remains challenging.

food price inflation rises as meat and egg costs surge in australia

Food and beverage inflation in Australia rose to 3.2% in the March 2025 quarter, slightly above the previous quarter and the 10-year average. Key drivers include a 12% increase in lamb prices and a 12.4% rise in egg prices due to supply shortages, while dairy products saw mild deflation. Fresh fruit prices surged by 12.2% following Cyclone Alfred's impact.

Australia 200 Continues Upward Trend Amid Commodity Price Declines

The Australia 200 index is up 12 points (0.15%) at 8138, continuing a six-day rally despite weak trading volumes and a slump in commodity prices. April closed with a 3.61% gain, but May typically sees a 3-5% pullback, potentially revisiting March lows around 7730. The technology sector surged 3.83%, while major miners and energy stocks faced declines due to falling commodity prices.

Woolworths Q3 results highlight challenges in competition with Coles

Woolworths' Q3 results showed mixed performance, with the Woolworths Living division underperforming and facing additional costs from weather events. While Woolworths beat expectations, it fell short compared to Coles, which is seen as a stronger performer with a cleaner business model. Both companies remain attractive defensive stocks for investors amid easing inflation.

nasdaq and asx 200 face potential consolidation after strong rallies

The US Tech 100 continues to rise, gaining 0.6% amid economic concerns, approaching a critical resistance at its 200-day moving average around 20,200, suggesting potential consolidation ahead. Meanwhile, the ASX 200 has rebounded impressively, nearing 8100 points after breaking the 8000 level, but faces resistance at its 200-day MA around 8150, indicating a possible pullback to 7700 as it consolidates. The Australian dollar has strengthened by 2% this month, with upcoming CPI data potentially allowing the Reserve Bank of Australia to cut interest rates, while crude oil prices have dropped 15.5% due to global growth concerns.
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