What’s Happening Next Week?

This story features BENDIGO & ADELAIDE BANK LIMITED, and other companies. For more info SHARE ANALYSIS: BEN

By Rudi Filapek-Vandyck

As far as economic data go, the coming week will be relatively busy despite both the Canadian and US markets being closed on Monday, the 16th February.

The main releases from the US will be the Empire Manufacturing Index (on Tuesday), NAHB housing market index (Tuesday), import prices for January (Wednesday), building permits (Wednesday), industrial production (Wednesday), PPI (Thursday), the leading index (Thursday) and CPI (Friday).

The accent clearly lies on Wednesday and the second half of the week. In addition, the US Treasury is due to announce 2yr, 5yr and 7yr note auctions.

Key Australian releases will be real retail sales, the RBA February board minutes (Tuesday), preliminary BoP imports (Wednesday), and new motor vehicle sales (Thursday). To top it all off, the RBA head of the international department, Chris Ryan, is due to speak on Monday with RBA Governor Glenn Stevens’ Semi-Annual Parliament Testimony also scheduled for this week (Wednesday).

The New Zealand data calendar is quiet this week, with the main releases being producer prices on Monday and the performance of services index, also on Monday.

The European data calendar is also reasonably quiet this week, with trade balance (Tuesday), construction output (Wednesday), and PMI data on Friday. ECB speakers include Provopoulos, President Trichet and Bini Smaghi.

The key German data releases will be the wholesale price index (Monday) and PMI data (Friday). The key UK data releases will be CPI (Tuesday), RPI (Tuesday), the BoE minutes (Wednesday), public sector net borrowing (Thursday), and retail sales (Friday) .

The only Chinese release will be foreign direct investment data, scheduled for release on Monday. On the Japanese data calendar, we have GDP and industrial production, both on Monday, plus the tertiary industry index on Wednesday and the all industry activity index on Friday. The BoJ will also release its monthly report on Friday.

In addition, the BoJ is scheduled to announce its interest rate decision on Thursday, 19 February. The market is expecting rates to remain unchanged at 0.1% (what else?).

On the corporate front, the results season will truly accelerate this week with the calendar showing results releases can be expected from Bendigo and Adelaide bank ((BEN)) and Cabcharge ((CAB)) on Monday, the Australian Stock Exchange ((ASX)) and AXA Asia-Pacific ((AXA)) on Tuesday, CSL ((CSL)) and Woodside Petroleum ((WPL)) in the middle of the week, Qantas ((QAN)), Toll Holdings ((TOL)) and Wesfarmers ((WES)) on Thursday and Billabong ((BBG)) and Caltex ((CTX)) on Friday.

For more information: see the FNArena calendar on the website (updated regularly) and Monday’s The Week Ahead.

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