Next Week At A Glance

This story features ENERGY RESOURCES OF AUSTRALIA LIMITED. For more info SHARE ANALYSIS: ERA

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

Australia, New Zealand, Singapore, Hong Kong, the UK and Europe are all closed for business tomorrow. US financial markets are closed but banks are open, and US economic data releases continue as scheduled. This means the March jobs numbers will be released tomorrow night to empty exchanges.

Australia, New Zealand, the UK and major European markets are closed on Monday. It’s business as usual in the US. China, by coincidence, is also closed on Monday.

The shortened week next week crams in a lot of economic data releases for Australia. All attention will of course be on the RBA policy decision due on Tuesday, with economists now leaning towards an April rate cut when previously they assumed May.

But next week also sees the service sector PMI, retail sales, ANZ job ads, housing finance and, importantly, the March jobs numbers.

It’s a quiet week in the US data-wise but the minutes of the last Fed meeting, released on Wednesday night, will be closely scrutinised.

The Bank of Japan will hold a policy meeting next week. How long before the BoJ is forced to double-down again on policy as it loses out in the race to the bottom against the ECB? And China for that matter.

China will release inflation data at the end of the week.

The ex-divs have just about fizzled out on the local market but next week sees the beginning of the resource sector’s quarterly production report season. AWE ((AWE)) and ERA ((ERA)) kick us off.
 

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