Property and Infrastructure

In a choppy session a big drop in US personal income was a conspicuous harbinger amidst the euphoria. Dow up 33.

Standard Chartered expects a weaker commercial property sector in the US will also drag on the economy for some time.

Macquarie Airports has internalised management via a deal with Macquarie Bank. Who’s next?

A survey by lenders mortgage insurance provider Genworth Financial shows owning a property remains the goal of many Australians.

As the group’s traffic ramp up continues to fall short of expectations speculation is mounting Transurban could bid for ConnectEast but brokers don’t see any such move as imminent.

The Australian economy is well placed to benefit as the global economy recovers, with infrastructure and housing dependent sectors the bet placed for gains, CommSec says.

Goodman Group’s deal with China Investment Corporation doesn’t solve its refinancing issues and so brokers remain cautious on the company.

Commonwealth Bank believes the Australian federal budget forecast of an 18.5% drop in business investment is way too panicked.

After a solid FY09 result, Austock wonders why the company would raise capital that will end up costing more than increased capex will return.

There were no real surprises in last night’s budget and no cause for stock market alarm. However specific sectors are winners and losers.