Weekly Reports | Aug 15 2014
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
Is Putin fair dinkum in hinting at a resolution for the Ukraine? Can Iraq be sorted under a new government? These are just two of the questions that likely won’t be answered next week but will certainly provide fodder for debate. Watch the German stock market tonight to gauge the European opinion of Putin’s trustworthiness. If they’re confident, the DAX should fly.
This will all prove a distant backdrop for Australia next week, as we enter the horror stretch of a fortnight loaded with result releases – ‘undreds of ‘em. We’re now at the stage it becomes pointless to select highlights. Please refer to the FNArena calendar (link above).
To date results have leant to the net positive side, but realistically we’ve only just scraped the surface so far.
Economic data releases roll on nonetheless but it’s a quiet one in Australia next week, as is typical during the height of results season. The following week sees the first of the June quarter numbers and once the result season is over, the GDP comes out.
Data releases in the US next week include housing market sentiment, housing starts, existing home sales, the CPI, the Philly Fed index and the minutes of the last Fed meeting.
Beyond that, attention will be focused on Thursday for a global round of flash August manufacturing PMI estimates, for Japan, China, the eurozone and US.
And geopolitical issues will no doubt draw the spotlight.
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