Next Week At A Glance

This story features PREMIER INVESTMENTS LIMITED. For more info SHARE ANALYSIS: PMV

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

The Fed will meet and deliver its latest policy statement next Wednesday night, and Janet Yellen will hold a quarterly press conference, which is pretty much all we need to know about between now and then. Markets are cautiously anticipating a change in tone, but are not entirely sure.

There are a few things to consider between now and then nevertheless, starting with US retail sales tonight and Chinese retail sales, industrial production and fixed asset investment tomorrow.

It’s a busy data week next week in the US. Before the Fed meeting we’ll see industrial production, the Empire State index, PPI, CPI and housing market sentiment, and afterwards housing starts, the Philly Fed index and leading economic indicators. Friday is a “quadruple witching” expiry for stock markets, which can often lead to volatility.

Russia’s been quiet all this week, so we can’t discount what might suddenly flare up in that department, while the ZEW eurozone investor sentiment index and flash estimate of eurozone August CPI will be closely watched next week.

The minutes of the September RBA meeting are due out next week but will no doubt cause no surprise, while the central bank’s September quarter Bulletin, due on Thursday, might provide some more colour.

It’s stock options expiry day on the ASX on Thursday (see: quadruple witching) and there’s just a mere trickle of ex-divs during the week. We will, however, see earnings results from Premier Investments ((PMV)) and OrotonGroup ((ORL)).

But it’s all down to the Fed and gee, how many times have we been here? At least this time it’s all about tightening, not loosening.
 

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