Weekly Reports | Mar 27 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 is a short week in markets, with all major centres outside Asia observing Good Friday. It’s a convoluted holiday in the US however, where financial markets will be closed but banks will be open, and economic data releases will carry on as usual. It’s the first week of the new month, so this means the US non-farm payrolls report will be released on Good Friday.
Given the US does not take an Easter Monday break, US markets will still have a first opportunity for response ahead of other Western markets.
Before we get there we’ll see the last revision of US December quarter GDP tonight, just as the March quarter comes to a close. With US data trending down in the March quarter, outside jobs, and corporate earnings being revised down on the stronger greenback, December is now very old news.
Next week’s US data releases include personal income & spending, pending homes sales, house prices, consumer confidence, the Chicago PMI, construction spending, vehicle sales, the private sector jobs number and the trade balance, ahead of Friday’s official jobs number.
The March quarter closes on Tuesday and Wednesday brings the usual first of the month round of manufacturing PMIs from across the globe. Japan, China and the US will provide service sector PMIs on Friday.
The eurozone will see an estimate of March CPI next week – the first with a backdrop of ECB QE but it’s probably a little early to see an influence – along with employment data.
Australia will see private sector credit, building approvals and the trade balance, along with the manufacturing PMI.
The recent steady stream of local ex-dividends will slow to a mere trickle next week.
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