Next Week At A Glance

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

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

Tonight’s US jobs report will likely determine whether Wall Street enters the new week with further new highs in its sights or a “Sell in May” attitude creeps in. Locally, it seems investors have already decided to take a bit of heat out of the market and wind back a few lofty PEs. There will remain a shadow of Cold War II tensions over proceedings for the time being.

It will be interesting to see whether this week’s weakness in iron ore prices have anything to do with the Chinese four-day break, such that prices might rebound next week, or whether weakness is unrelated. Tomorrow sees the release of China’s service sector PMI and next week HSBC will report its manufacturing and services numbers. Later in the week Beijing will release the April trade balance result and inflation data.

The US will see its services PMI, trade balance, productivity and monthly chain store sales numbers while the UK and Europe will also see service sector numbers as well as ECB and Bank of England policy meetings. The UK is closed on Monday.

It’s busy times in Australia next week, with data releases including service and construction PMIs, the trade balance, retail sales and jobs numbers. The RBA will meet on Tuesday but no change in policy is expected.

On the corporate front, we’re now heading into an AGM season for the calendar year reporters. Highlights next week include AMP ((AMP)), Rio Tinto ((RIO)) and Alumina ((AWC)). Westpac ((WBC)) will report its interim result on Monday and National Bank ((NAB)) on Thursday while Thursday will also see quarterly results from News Corp ((NWS)) and the about-to-delist 21^st Century Fox ((FOX)). JB Hi-Fi ((JBH)) will provide a trading update on Friday.
 

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.

Click to view our Glossary of Financial Terms