The Week Ahead: Hopefully More Than Just Good Intentions

This story features ENERGY RESOURCES OF AUSTRALIA LIMITED, and other companies. For more info SHARE ANALYSIS: ERA

By Andrew Nelson

Clearly the market is currently an animal in its own right, meaning a weekly calendar of data releases and so forth does not have the usual impact. However, here they are:

On Monday we have a number of reads from the US including US Trade, Import and Export reads and a statement from the US Treasury, but as we already know how the markets fared, they’re not likely to engender too much discussion. 

In our region we’ll have NZ August Retails Sales to ponder, while Japan is on holiday. Also, about 10 Australian stocks will be trading ex rights.

On Tuesday there are no economic releases from the US to digest and the US Treasury bond market will be closed for the Columbus Day holiday, the stock market will be open. The UK feeds us PPI figures from the night before. Later in the morning will see the NAB Australian Business Survey, NZ Business Opinions and a September Consumer Confidence read from Japan.

ERA ((ERA)) will post their September quarter production figures, JB Hi-Fi ((JBH)) hosts its AGM and Wesfarmers ((WES)) has an investor briefing scheduled.

Wednesday starts with UK House Prices and EU Industrial Production, while domestically we’ve got our own Industrial Production read and the August Current Account.

On the local investor calendar there’s Rio Tinto ((RIO)) and Coal & Allied’s ((CNA)) September quarter production reports, Seven ((SEV)) goes ex div and there’s AGMs for AGL ((AGK)), CSL ((CSL)), Origin ((ORG)), Rivercity Motorway ((RCY)).

Thursday starts with the Fed’s beige book, giving us an insight in the state of recession in the US as it releases it of anecdotal reports on regional economic conditions. There’s also Retail Sales, PPI, and Manufacturing data from the US, while the UK puts out Jobless and Earnings figures and Europe posts CPI.

Locally, Coca Cola Amatil ((CCL)) hosts an investor briefing, Qantas ((QAN)) has its AGM, while Woodside ((WPL)) and Iluka ((ILU)) both publish quarterly production figures.

Once again the week finishes on a Friday and it will begin with a number of overnight reads from the US including CPI, Housing and Industrial Production figures, as well as comments from the Philadelphia Fed.

On the home front we’ve got AGMs for Boral ((BLD)) and Healthscope ((HSP)) and a special general meeting hosted by Macquarie Airports ((MAP)).

If you want to know more please check the calendar on the site.

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