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Australian Shares Rise; Qantas Airways Raises FY26 Fuel Cost Forecast Expectation to Up to AU$3.3 Billion

-- Australian shares rose on Tuesday's close as investor sentiment was buoyed by optimism around a peace deal between the US and Iran, even as the US naval blockade of Iran took effect.

The S&P/ASX 200 Index climbed 0.5% or 44.80 points to close at 8,970.80, reaching a new 20-day high.

US President Donald Trump said Iran had called the White House over a potential peace agreement.

Both countries had left room for further negotiations, and there was forward motion on trying to get to an agreement, Reuters reported, citing sources.

Brent crude oil futures declined 1.5% to $97.90 per barrel.

On the domestic front, the Westpac-Melbourne Institute Consumer Sentiment Index fell sharply around 13% to 80.1 in April from 91.6 in March, as rising fuel prices and interest rates added to cost-of-living pressures and weighed heavily on economic sentiment.

Business confidence in Australia fell 29 points to negative 29 in March, its lowest level since April 2020 and one of the sharpest declines since the global financial crisis and COVID-19, following the Middle East conflict, National Australia Bank said in a report.

Australia's consumer confidence lifted 2.2 points in the April 6 to April 12 week to 64.5 points, recording its second consecutive weekly rise, while the four-week moving average fell 1 point to 62.2 points, ANZ said in a report.

In company news, Qantas Airways (ASX:QAN) now expects fuel cost for the fiscal second half to be AU$3.1 billion to AU$3.3 billion, as February jet refining margins peaked at about $120 per barrel. The airline said it has hedged about 90% of its fiscal H2 crude oil exposure but remains largely exposed to movements in jet refining margins.

Cleanaway Waste Management (ASX:CWY) now expects fiscal 2026 earnings before interest and taxes of AU$460 million to AU$480 million, down from a previous range of AU$480 million to AU$500 million, due to the impact of the Middle East conflict. Its shares declined 2% at close.

Lastly, Clarity Pharmaceuticals (ASX:CU6) signed a commercial manufacturing agreement for its copper-64 SAR-bisPSMA next-generation diagnostic imaging agent with Nucleus Radiopharma. The agreement includes manufacturing at Nucleus Radiopharma's facility in Rochester, Minnesota. Clarity's shares closed down 5%.

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Australia

RBC表示,Vertiv第一季度盈利超预期,并上调业绩指引,其长期增长势头仍在继续。

加拿大皇家银行资本市场(RBC Capital Markets)周三发布的一份报告指出,Vertiv (VRT) 的长期增长势头仍在延续,该公司公布了“高质量”的第一季度盈利超出预期,并上调了业绩指引。 RBC分析师表示,来自超大规模数据中心、托管数据中心和新兴云服务商的人工智能基础设施需求持续推动着Vertiv的增长,美国销售额有机增长44%,项目储备不断增加,这些都印证了这一点。 分析师指出,即使面临关税和产能增长带来的不利因素,该公司仍出人意料地上调了全年息税前利润率预期。他们表示,Vertiv的定价能力得益于强劲的需求以及其预建的集成数据中心空间和建设服务,因此他们对此表示赞赏。 分析师认为,该公司拥有充足的灵活性,可以投资于产能扩张、800V技术等新产品以及进行补充收购。 加拿大皇家银行(RBC)将Vertiv公司2026年的每股收益预期从6.15美元上调至6.40美元,并将2027年的每股收益预期从8.30美元上调至8.60美元。 加拿大皇家银行重申了对该公司股票的“跑赢大盘”评级,并将目标股价从344美元上调至356美元。Price: $321.99, Change: $+16.85, Percent Change: +5.52%

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Treasury

加拿大丰业银行称,加拿大春季经济声明将保持增长势头

加拿大丰业银行表示,下周二,加拿大人将首次了解总理马克·卡尼政府在新财政框架下推行的万亿加元计划的进展情况。 该银行指出,2026年春季经济报告将在全球高度不确定的背景下发布,这反而凸显了加拿大雄心勃勃的投资主导型战略的必要性。 丰业银行表示,尽管短期经济活动依然疲软,但随着风险的消散,经济复苏势头应该会增强。由于通胀风险目前暂时使加拿大央行无暇顾及,短期压力更多地转移到了财政政策上,如果下行风险成为现实,保持政策选择权或许是更稳妥的选择。 该银行指出,尽管面临诸多不利因素,但更强劲的名义增长前景可能意味着此次更新将带来更大的财政空间。这可能为增加支出打开大门,不过丰业银行预计,这些支出仍将在此前设定的赤字范围内进行。 在这种情况下,债务比率可能会显著改善,反映出历史国内生产总值(GDP)的大幅修正。 此次更新将在高度波动的市场环境下发布。该银行补充道,即使财政政策运作得当,但最终结果可能不会有实质性变化,短期内也不太可能对市场产生影响。 更重要的是,要观察投资议程是否正在取得进展,因为一些投资者可能仍会对执行情况和地缘政治风险保持谨慎。 总而言之,此次更新的目的可能是保持增长势头并提高执行效率,同时为2026年预算案中更大胆的举措奠定基础。

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Australia

加拿大皇家银行表示,CSX有望实现营收和利润率的进一步增长。

加拿大皇家银行资本市场(RBC Capital Markets)周三发布的一份报告指出,随着铁路需求改善和成本控制保持稳定,CSX(CSX)的营收和利润率仍有增长空间。 RBC表示,该公司第一季度盈利超出预期,这得益于其强劲的基础利润率和一笔土地出售。报告称,剔除这笔土地出售的影响,CSX的运营比率有所改善,表明其成本控制表现有望持续全年。 报告指出,管理层将2026年营收预期上调至个位数中段,主要受燃油附加费收入增长的推动。RBC表示,此次上调的预期并未包含货运量增长趋势,这意味着CSX仍有上调空间,尤其是考虑到其600个在建项目以及第一季度已有超过20个项目投入运营。 报告称,CSX目前的目标是实现200至300个基点的利润率提升目标,如果近期的成本控制趋势持续下去,其运营比率还有进一步提升的空间。加拿大皇家银行(RBC)将2026年每股收益预期从1.84美元上调至1.90美元,并将2027年每股收益预期从2.06美元上调至2.11美元。 加拿大皇家银行将CSX股票的目标股价从43美元上调至47美元,并维持“跑赢大盘”评级。Price: $46.22, Change: $+3.04, Percent Change: +7.04%

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