Next Week At A Glance

This story features NATIONAL AUSTRALIA BANK LIMITED, and other companies. For more info SHARE ANALYSIS: NAB

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

The Fed will meet next week and issue a policy statement on Wednesday, but since the last two US jobs reports the probability of an announced rate rise is considered zero. The next day will see the release of the first estimate of US September quarter GDP.

These highlights feature in an otherwise busy week for US data, which sees new and pending home sales, house prices, durable goods, consumer confidence, personal income & spending, the Richmond Fed activity index and Chicago PMI.

The UK will also release a first estimate of GDP next week, the German IFO business sentiment survey is due, and the RBNZ will hold a policy meeting.

Monetary policy will also be very much in focus in Australia with the release of the September quarter CPI data on Wednesday, followed by the PPI on Friday. While the last set of RBA minutes implied a rate cut is not on the cards, more recent developments have economists lining up to predict a cut on Cup Day.

The local corporate calendar is choc-o-block next week.

The last week of the month sees a rush of smaller resource companies releasing production reports. It’s also the busiest week on the calendar for AGMs.

The banking sector is rarely out of focus but next week sees earnings reports from National Bank ((NAB)), ANZ Bank ((ANZ)) and Macquarie Group ((MQG)).

Woolworths ((WOW)) will report quarterly sales and Telstra ((TLS)) is among a handful of companies hosting investor days.
 

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