Weekly Reports | Apr 05 2013
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.
By Greg Peel
US jobs data is now the most important driver of Fed policy but is also leaving Wall Street betwixt and between. Last month’s better than expected non-farm payrolls result was well-received, despite implications improvement on the jobs front brings a Fed exit closer. Any talk of a Fed exit sends traders scarpering, yet this week’s weaker lead-in jobs numbers from ADP and weekly jobless claims have still left Wall Street feeling sour. Confusion or consolidation?
The March non-farm payrolls number is out tonight, and next week sees the beginning of the March quarter US earnings season with the kick-off result from Alcoa on Monday night. There follows a lull before the big banks start reporting by week’s end. Over the next month, earnings will become Wall Street’s primary driver.
Economic releases in the US next week include wholesale trade, inventories, chain store and retail sales and the PPI. On Wednesday the Fed will release the minutes of its last meeting.
Rising inflation has become a concern in China, and on Tuesday the march CPI is released, followed on Thursday by China’s March trade balance.
Australia will see its March unemployment numbers on Thursday, after consecutive releases of the ANZ job ads, NAB business sentiment and Westpac consumer sentiment reports.
Note that relevant Australian states go off summer time over the weekend so by Tuesday morning the NYSE will be closing at 6am Sydney time.
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