Weekly Reports | Sep 10 2010
By Greg Peel
With the S&P 500 now back at 1100, the question for next week is once again as to whether volume can pick up on US stock markets now that the summer break is over and following this week's Jewish New Year celebrations. And as to whether or not the late summer rally brings in buyers or sellers.
Monday may provide some answer to at least the second question given it is monthly Chinese data day, in which industrial production, investment, consumption and inflation data are released. [Late mail: Beijing has brought forward its release date to tomorrow (Saturday) sparking speculation of a deposit rate hike announcement.]
US industrial production numbers are also released next week, along with retail sales and business inventories. Following the recent more positive ISM manufacturing data, all eyes will be on the New York State and Philadelphia Fed activity indices, while the producer price index for August shall also be released and Friday sees the first Michigan Uni consumer confidence number for September.
Over in the boom economy that is Australia, focus will be on the NAB business sentiment survey and the Westpac consumer sentiment survey as the highlights of an otherwise quiet week on the economic data front.
The EU's ZEW general sentiment index will make for interesting reading on Tuesday night given the revival of recent jitters.
On the local stock front, Myer will release its FY10 result on Thursday.
For a more comprehensive preview of next week's events, please refer to "The Monday Report", published each Monday morning. For all economic data release dates, ex-div dates and times and other relevant information, please refer to the FNArena Calendar.