Next Week At A Glance
The number of Australian companies covered by FNArena database brokers having reported so far has now passed the hundred mark after three weeks of the result season. Given there are in excess of 300 covered companies reporting on the standard six month cycle (over 400 including off-cycle), almost all of the remaining 200 plus companies will report next week.
It will be a very busy week.
As the local market tries to make sense of the deluge, US markets will continue to try to make sense of the president. Any new week can offer up new surprises.
Wall Street will be closed on Monday night for Washington’s birthday.
US data releases thereafter include flash estimates of February manufacturing and services PMIs, new and existing home sales, house prices, consumer sentiment and the Chicago Fed index. The minutes of the last Fed meeting will also be released.
Japan and the eurozone will also provide flash manufacturing PMIs.
The minutes of the February RBA meeting will be released locally in a week that sees the countdown begin ahead of the following week’s GDP result release. Next week we’ll see December quarter construction work done and private sector capex. Philip Lowe will speak on Wednesday.
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