Next Week At A Glance

As the US earnings season tails off, Wall Street will be hanging on every word with regard a US-China trade deal next week. If the risk has not always been a binary one, it certainty is now. To date this is looking more promising, but we’ve been here before.

GDP results will feature next week from the UK, eurozone and Japan.

China will release monthly industrial production, retail sales and fixed asset investment data.

The US will also see industrial production and retail sales numbers along with the CPI and PPI.

The RBNZ holds a policy meeting.

Australia will see the NAB business and Westpac consumer confidence surveys along with October jobs numbers.

It’s a busy week on the local stock market, dominated by AGMs of which there are too many to highlight.

Earnings reports are due from Elders ((ELD)), Incitec Pivot ((IPL)), Ozforex ((OFX)) and AusNet Services ((AST)).

Commonwealth Bank ((CBA)) will provide a quarterly update to complete the Big Four’s earnings season. Note that all of Westpac ((WBC)), ANZ Bank ((ANZ)) National Bank ((NAB)) and Macquarie Group ((MQG)) go ex-dividend next week, in some cases not by as much as they used to.

Goodman Group ((GMG)) will also provide a quarterly, BHP Group ((BHP)) will host a strategy day and Sydney Airports ((SYD)) an investor day.

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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