It’s a big week economically in Australia next week. On Tuesday the RBA will cut its cash rate, it is universally believed, and on Wednesday we’ll see the March quarter GDP numbers.
In the lead-up we will see the final GDP elements of company profits and inventories, the current account and terms of trade. We also see monthly trade data, retail sales, house prices, job ads and the May PMIs.
The RBA governor speaks post cut. How many more Phil?
The Fed chair will also speak next week, and a Fed Beige Book is due. The Fed is also now under pressure to cut rates, so says the US bond market.
Other US data next week include factory orders, trade data and jobs numbers, both private sector and non-farm payrolls. US PMIs are also due, as they are across the globe.
The ECB holds a policy meeting on Thursday.
AGM season has now all but wound down on the local stock market, to be replaced by a run of investor days. These will be held next week by Suncorp ((SUN)) and WorleyParsons ((WOR)).
The run of ex-divs for out-of-cycle earnings reporters continues.
