Australian Research at a Glance - June 9, 2026

研报英文原文证据摘录

Australian Research at a Glance - June 9, 2026

AUSTRALIAN RESEARCH AT A GLANCE

Industry Comments

Matthew McKellar, CFA (Analyst) Paper, Packaging & Forest Products

(403) 476-9042; matthew.mckellar@rbccm.com Published June 7 2026 20:32:11 EDT

The Continuous Digester – What we learned this week

U.S. imports of European lumber increased sequentially in March, but remained

low. We highlighted in our May 27 lumber stats note that U.S. imports of European

lumber in February were down 61.7% y/y and 65.5% m/m to the lowest level since

May 2018. Trade data from the USDA Foreign Agricultural Service indicates that the

value of European softwood lumber imported into the U.S. more than doubled m/m

in March 2026, although the value of imports remained relatively low (-55.3% y/y,

and below the value imported in any month from December 2021 through January

2026, outside of September 2024). Germany and Sweden together accounted for

73% of total EU imports in March 2026 (-56.9% and -51.0% y/y, respectively), with

Sweden rebounding sharply from near-zero February volumes. We note that U.S.

10% Section 232 tariffs on imports of lumber from all countries came into effect

in October 2025.

Jonathan Atkin (Analyst) RBC Monthly Valuation Recap – Telecom & Communications

(415) 633-8589; jonathan.atkin@rbccm.com Infrastructure, May 2026

Published June 8 2026 06:57:37 EDT

Monthly review of valuation trends in the Telecom & Communications

Infrastructure sectors

Josh Wolfson (Analyst) The Gold Standard: Market Review – June 5

(416) 842-9893; josh.wolfson@rbccm.com Published June 8 2026 10:17:10 EDT

In this publication, we review detailed changes within global equity, fixed income,

commodity, and currency markets.

Josh Wolfson (Analyst) The Gold Standard: Spot Gold Comparable Tables