Weekly Reports | Mar 13 2015
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
Next week will be dominated globally by the Fed policy meeting and release of the FOMC statement on Wednesday night. Fed chair Janet Yellen will also conduct her first quarterly press conference of 2015, on the anniversary of her infamous “six months, something like that” throwaway line of her debut conference.
Her we are twelve months later, and the “six months” call may well still apply with regard the timing of the first Fed rate hike.
The Fed’s decision is “data dependent” and next week’s US data releases include industrial production, housing sentiment and starts, the Empire State and Philly Fed manufacturing indices and the Conference Board’s leading economic indicators. Friday brings the quarterly quadruple witching derivatives expiry for US stock markets.
The Bank of Japan will hold a policy meeting next week, which may be interesting in light of the ECB’s thundering entry to the QE club. Will the BoJ resort to some tit for the ECB’s tat?
The eurozone will see monthly inflation and trade data next week and December quarter unemployment, all of which are ostensibly “pre-QE”. The ZEW investor sentiment survey should, on the other, provide an indication of how QE has been accepted.
The thinking behind the RBA’s decision not to cut again this month will be further explained with Tuesday’s release of the board meeting’s minutes, while Glenn Stevens will have an additional chance to provide colour when he makes a speech on Friday.
Thursday will see the expiry of quarterly futures and index options on the ASX.
There’ll be another round of local stocks going ex-dividend next week, mostly concentrated on Monday.
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