What’s Happening Next Week?

This story features MY REWARDS INTERNATIONAL LIMITED, and other companies. For more info SHARE ANALYSIS: MRI

By Chris Shaw

The US takes centre stage in terms of economic data releases next week in what appears to be something of a quieter upcoming seven days than was the case this week.

On Monday the data calendar starts with the June Empire manufacturing data, April net long-term TIC flows and NAHB Housing Index results for June, followed by housing starts, building permits, industrial production, capacity utilisation and producer price index numbers for May on Tuesday and CPI data for the same month on Wednesday along with the March quarter current account figures. This will be followed by June Philadelphia Fed data, the latest initial jobless claims report and May leading indicators on Thursday.

Closer to home there is far less in the way of economic releases for investors to ponder with April lending finance numbers on Monday and minutes from the Reserve Bank of Australia’s June meeting out on Tuesday. This will be followed by March quarter dwelling starts and Westpac leading index data on Wednesday plus international merchandise import numbers for May on Thursday.

New Zealand is similarly quiet on the releases front, the calendar currently showing only March quarter manufacturing activity and April performance of services index numbers being released on Monday.

The Bank of Japan will take centre stage with respect to Japanese data as Tuesday will be the latest decision on interest rates, followed by the bank’s latest monthly report on Wednesday and minutes of the latest meeting out on Friday, while there will also be the latest machine tool orders numbers out on Wednesday.

In Europe the market will be looking for March quarter unemployment figures on Monday and labour costs for the same period plus May CPI data on Tuesday along with the latest ZEW economic sentiment survey results. April construction output and trade balance numbers are due on Wednesday, the same day the UK releases unemployment figures for April. Tuesday will see May CPI data for the UK Economy released.

In terms of corporate activity in the Australian market it is similarly quiet with just a few shareholder meetings scheduled during the week from the likes of MRI Holdings ((MRI)), Anvil Mining ((AVM)) and Blackthorn Resources ((BTR)).

For more information: see the FNArena calendar on the website (updated regularly) and Monday’s The Week Ahead.

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