Brexit remains a rolling soap opera while the newsfeed on US-China trade has gone quiet for now, allowing US earnings results to dominate Wall Street.
Next week begins a mini result season locally with all focus on the banks, alongside a spread of other companies.
It’s CPI week in Australia next week. The RBA governor will speak ahead of the all-important result. A rate that stops the nation?
Other local economic data releases next week include building approvals, private sector credit, the PPI and house prices. Friday is the first of the month, which means our manufacturing PMI and those from across the globe.
The US will see consumer confidence, pending home sales, the Richmond Fed index and the ADP private sector jobs report all before the Fed delivers its rate decision on Wednesday night (market pricing 90% chance of a cut) and PCE inflation and the October jobs report thereafter.
Bad timing.
It’s another choc-o-block week on the local share market. The resource sector production report season ends with October but not before another slew of releases while the AGMs keep coming thick and fast. Too many to highlight here.
The aforementioned earnings “season” next week features ANZ Bank ((ANZ)) and Macquarie Group ((MQG)) along with Janus Henderson ((JHG)), CSR ((CSR)) and Orica ((ORI)).
Several companies will provide quarterly updates, including sales numbers from both Coles ((COL)) and Woolworths ((WOW)).
