Next Week At A Glance

This story features KMD BRANDS LIMITED, and other companies. For more info SHARE ANALYSIS: KMD

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

They say our love won’t pay the rent, before its earned our money’s all been spent…

Yes folks, it’s Groundhog Day. We will enter next week with absolutely no idea of when exactly the Fed might start tapering and hence we’ll have to talk about it, and talk about it. And then talk about it some more.

What we do know is that a tapering decision is (as indeed it always was) data-dependent. On that basis, Wall Street will probably yo-yo along to the end of the year in good old upside-down land, in which bad news is good and good news etc. We can only assume so, given the response to no tapering was a rally. But then Wall Street tends to rally on a strong jobs number as well, so don’t ask me.

There’s plenty of grist for mill next week anyway, with US data releases including the flash manufacturing PMI, house price indices, new and pending home sales, consumer confidence, personal income and spending and durable goods orders. And on Thursday the US June quarter GDP will be revised.

By contrast, there’s very little happening in Australia next week on the economic front. There’s a lot more on the stock market front.

The ex-divs continue, with Monday again the most crowded. The retail sector result season rolls on, with Kathmandu ((KMD)), David Jones ((DJS)) and Funtastic ((FUN)) reporting, along with Nufarm ((NUF)) and Gindalbie Metals ((GBG)). We are now quietly morphing into AGM season, with things hotting up next month.

And ASX-listed September stock options will expire on Thursday.

Elsewhere, we have the German election on Sunday, which is expected to result in an easy win for Merkel, and on Monday we have the monthly round of flash PMI estimates for China and the eurozone as well as the US.

Japan is closed on Monday.

Looks like it’s going to be another six weeks (or months) of winter.
 

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