Weekly Reports | Aug 21 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
Last night’s break down from the S&P500’s year-long trading range is potentially a bit of a game changer as Fed confusion continues to rage. The question now is will this prove but a fleeting blip, or is the long overdue Wall Street correction now potentially underway?
In terms of a supposedly data-dependent Fed, there’s plenty of releases to consume next week in the US. They include new and pending home sales, house prices, consumer confidence, durable goods, personal income & spending and the Richmond Fed activity index, along with the first revision of June quarter GDP.
Monday sees flash August manufacturing PMIs from China (Caixin), Japan, the eurozone and US.
Japan will release inflation, retail sales and unemployment data at week’s end.
In Australia, the countdown to the following week’s June quarter GDP result begins next week with construction work done and private sector capex numbers.
It is also the final, and by far the most crowded, week of the local result season. Please refer to the FNArena Calendar (link above).
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