Australian Stocks Need Rate Cuts, Upgrades for Sustained Outperformance

Dow Jones06-29 07:23

2323 GMT - Relief over a Middle East cease-fire has supported many Australian stocks. But to see sustained outperformance they need upgrades or interest-rate cuts, Macquarie says. It notes that August is the seasonal peak for conservative guidance and EPS cuts. "The main risk is no longer Iran-related disruption, which should become a FY27 relief theme where demand was delayed, and cost impacts were temporary," Macquarie says. The bigger issue is interest rates. "Higher rates are the slower earnings drag, working through housing, consumer spending and funding costs," Macquarie says. Among stocks that it considers to be well-positioned for higher-for-longer rates are QBE, Suncorp, APA and Goodman.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 28, 2026 19:23 ET (23:23 GMT)

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The bigger issue is interest rates. \"Higher rates are the slower earnings drag, working through housing, consumer spending and funding costs,\" Macquarie says. 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But to see sustained outperformance they need upgrades or interest-rate cuts, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> says. It notes that August is the seasonal peak for conservative guidance and EPS cuts. \"The main risk is no longer Iran-related disruption, which should become a FY27 relief theme where demand was delayed, and cost impacts were temporary,\" Macquarie says. The bigger issue is interest rates. \"Higher rates are the slower earnings drag, working through housing, consumer spending and funding costs,\" Macquarie says. Among stocks that it considers to be well-positioned for higher-for-longer rates are QBE, Suncorp, APA and Goodman.(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 28, 2026 19:23 ET (23:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QBIEY","symbol_name":"QBE Insurance Group Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2647349927","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2647349927","pubTimestamp":1782688980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2323 GMT - Relief over a Middle East cease-fire has supported many Australian stocks. 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It notes that August is the seasonal peak for conservative guidance and EPS cuts. \"The main risk is no longer Iran-related disruption, which should become a FY27 relief theme where demand was delayed, and cost impacts were temporary,\" Macquarie says. The bigger issue is interest rates. \"Higher rates are the slower earnings drag, working through housing, consumer spending and funding costs,\" Macquarie says. Among stocks that it considers to be well-positioned for higher-for-longer rates are QBE, Suncorp, APA and Goodman.(david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 28, 2026 19:23 ET (23:23 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2647349927","isCrawlerRequest":true}