Next Week At A Glance

Mercifully, the local earnings season is officially over as of today. There are a couple of reprobates reporting next week, but otherwise we can call it a wrap. FNArena will provide summaries and assessments next week.

From the micro, attention will now turn rapidly to the macro with the release of Australia’s June quarter GDP on Wednesday. Ahead of that we’ll see input numbers for company profits and inventories and the current account, including the terms of trade.

Monthly data due next week include ANZ job ads, retail sales, house prices, housing finance and trade, along with the monthly manufacturing, services and construction PMIs.

The RBA will meet on Tuesday if deemed necessary.

Monday is manufacturing PMI day/night across the globe, with service PMIs following on Wednesday, except for the US, which will be a day late given the Labor Day holiday.

The holiday sees US markets closed on Monday.

US data through the week include construction spending, trade, factory orders, the private sector jobs report and the non-farm payrolls report.

On the local stock front, aforementioned late reporters include FAR ltd ((FAR)) and Dacian Gold ((DCN)).

The corporate calendar is nevertheless next week dominated by stocks going ex-dividend, and basically there are lots of them. Indeed September is a month choc-o-block with ex-divs.

Greg Peel

About Greg Peel

Greg Peel joined Macquarie Bank in 1986 and acquired trading experience in equities, currency, fixed income and commodities derivatives, ultimately being appointed director of equity derivatives trading. He later published In With The Smart Money (a plain English guide to the mysterious world of financial markets and derivatives) and acted as a consultant to boutique investment funds. In 2004 Greg joined FNArena as a contributing writer. He is now a director and principal of the company. Greg compliments the journalistic background of the FNArena team with lengthy experience as a financial markets proprietary trader.

View more articles by Greg Peel →