Next Week At A Glance

The local earnings season rolls on throughout next week although we’ve now passed the peak in number of companies reporting daily. Forecast misses continue to well outpace beats, so unless there’s a solid late swing August 2019 continues to shape up as the worst season FNArena has recorded.

Macro volatility is otherwise dominating proceedings at the index level, and little relief can be expected in the near term. All focus tonight will be on the Fed chair’s speech at Jackson Hole, and that of any other central banker attending.

When we move in September, trade talks are back in the frame.

There are some important US data releases to consider next week ahead of the Fed’s September meeting, including durable goods, consumer confidence, the Fed’s preferred PCE inflation measure and a revision of June quarter GDP.

China releases its August PMIs on Friday.

UK markets are closed on Monday night.

Australia’s primary result release next week will be June quarter GDP component construction work done.

Note also that as the result releases begin to tail off, ex-dividends continue to ramp up.

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.

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