Next Tuesday night the federal budget will be brought down by the Treasurer, ahead of the usual schedule given the May election. No doubt it will be full of goodies for everyone, with desperation written all over them.
Before we get there we have a round of global PMIs, with Monday the first of the new month. China will release its manufacturing and services PMIs on Sunday, while everyone else will publish manufacturing PMIs on Monday. Don’t be fooled.
The RBA will meet on Tuesday ahead of the budget and is unlikely to come up with anything significant with both a budget and an election pending.
Local data next week include building approvals, retail sales, trade and the PMIs.
Tonight in the US sees the delayed release of the January PCE inflation number. The February PCE is pencilled in for Monday but that looks dubious, and February numbers for retail sales and durable goods are also due, assuming they’ve caught up. The US PMIs are nonetheless safe, as are the private sector jobs report and official non-farm payrolls data.
The list of daily ex-dividends in the local market becomes a lot shorter next week, although there are still some big names in the mix.
Syrah Resources ((SYR)) posts its earnings result next week and Scentre Group ((SCG)) holds its AGM, which is a canary in the coal mine of the upcoming round next month of AGMs for calendar-year reporting companies.
No doubt something will transpire with regard Brexit, with the vote to “divorce” due tonight.
