The trade war’s back on, the chance of another Fed rate cut has now strengthened, and the RBA meets on Tuesday. Three in a row? I’d say unlikely, but another one before year’s end remains a chance.
Monetary policy aside, locally the earnings season begins in earnest next week as the number of reporting companies begins to ramp up. Commonwealth Bank ((CBA)), Suncorp ((SUN)), Transurban ((TCL)), AGL Energy ((AGL)), AMP ((AMP)), and Insurance Australia Group ((IAG)) are just some of the names on next week’s calendar.
Economically, we’ll see numbers for job ads, trade and housing finance.
China will also release trade numbers, as well as inflation data.
Monday is services PMI day across the globe. Monday is also a bank holiday in NSW. The ASX is open but a lot of market participants will be missing.
It’s a quiet week for US data, until Friday when the PPI and industrial production numbers are due.
We might also note that Rio Tinto ((RIO)) goes ex-dividend next week, reminding us that as the earnings results flow, the ex-divs track along behind.