Next Week At A Glance

In contrast to this week, the economic calendar is rather jam-packed next week.

Highlights include, in the US, inflation, industrial production, retail sales, housing sentiment and starts, consumer sentiment, The Empire State and Philly Fed indices, and the Fed Beige Book.

China will report numbers for June trade, retail sales, industrial production, fixed asset investment and…drum roll…June quarter GDP.

Gosh they’re fast.

Both the Bank of Japan and ECB will hold policy meetings.

In Australia we’ll see the NAB business confidence and Westpac consumer confidence surveys, and the June jobs numbers.

Next week brings the start to two major corporate calendar events – quarterly production and sales reports for the resource sectors, and a hint of the earnings season about to be upon us.

Cimic ((CIM)) reports next week, albeit this result is a bit of an outlier calendar-wise. The last week of July is when results begin to trickle in in earnest ahead of the August explosion.

Production reports are due from Whitehaven Coal ((WHC)), South32 ((S32)) Woodside Petroleum ((WPL)) and Rio Tinto ((RIO)).

Alcoa reports earnings in the US, impacting on Alumina Ltd’s ((AWC)) joint venture earnings.

AusNet Services ((AST)) holds its AGM.

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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