Next Week At A Glance

This story features SUNCORP GROUP LIMITED, and other companies. For more info SHARE ANALYSIS: SUN

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

Tomorrow is the first of the month hence Beijing will release both its July manufacturing and service sector PMIs.

That month is August, and on the local calendar August means corporate result season. We start off slowly next week, with highlights including Suncorp ((SUN)) and Rio Tinto ((RIO)), step up the pace in week two and then cop the avalanche in weeks three and four.

Next week also sees a fair amount of local economic data.

Australia will join with Japan, China (Caixin, replacing HSBC), the eurozone, UK and US in reporting manufacturing PMIs on Monday and service sector PMIs on Wednesday. Australia’s construction sector PMI is due on Friday.

Locally we’ll also see ANZ job ads, retail sales, trade and unemployment numbers next week. The RBA will meet on Tuesday and remain on hold, and the bank’s quarterly Statement on Monetary Policy will be released on Friday.

A data-dependent Fed will next week be looking at personal income & spending, vehicle sales, chain store sales, factory orders, trade, and consumer credit. Most importantly, the Fed will focus on Wednesday’s ADP private sector jobs report and Friday’s non-farm payrolls report.

 

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