QBE is emerging as a strong buy recommendation for brokers as the stock is set to benefit from rising interest rates and a falling Aussie dollar. Charlie Aitken from Bell Potter rates QBE a 'high-conviction buy' based on FY14 consensus and improving macro-fundamentals. As QBE retains a $30bn investment book overseas, the company is well-positioned to profit from rising interest rates in the US and a weakening Australian dollar, says Steve Johnson from Intelligent Investor. Macquarie has also recently upgraded QBE to 'Outperform' on the back of favourable operating conditions and positive expectations from the company's cost-out program.
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
No areas of expertise