Next Week At A Glance

This story features FORTESCUE LIMITED, and other companies. For more info SHARE ANALYSIS: FMG

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

As we head into next week, stock markets are looking a little tired. Wall Street remains under the spell of “where else can I put my money anyway” but after a year of relentless rally, markets need something more to provide another boost. The US jobs numbers are out tonight which, if on the weak side, may provide an excuse for further profit-taking. Otherwise, the Fed is simply there and apparently not going away.

China will release monthly inflation, industrial production, retail sales and fixed asset investment numbers tomorrow.

Monday in the US is Veteran’s Day (Armistice Day as we know it), which is one of those half-holiday affairs in which banks and bond markets are closed but stock markets remain open for anyone diligent enough not to take a long weekend for the sake of it. Ben Bernanke is due to make a speech on Wednesday, so Wall Street may sit quietly ahead of hearing what he has to say.

Thereafter, the US sees inflation, retail sales and industrial production data, along with the Empire State manufacturing index.

It’s a big week for GDPs next week, with Japan’s due on Thursday along with Germany, France and the other eurozone constituents, ahead of Friday’s net eurozone release.

Australia will see housing finance and investment lending data next week, along with NAB’s monthly business confidence survey and Westpac’s consumer equivalent. Just when you thought the AGM season might be winding down, it winds up again next week with highlights including Fortescue Metals ((FMG)), Mirvac Group ((MGR)) and Lend Lease ((LLC)).

It’s also a busy week for late season earnings reports, with Orica ((ORI)), Incitec Pivot ((IPL)), CSR ((CSR)), SPN Ausnet ((SPN)), DuluxGroup ((DLX)) and James Hardie ((JHX)) all stepping up to the plate. Quarterly reports will be forthcoming from News Corp ((NWS)), Aurora Oil & Gas ((AUT)), Leighton Holdings ((LEI)) and SingTel ((SGT)), while Bank of Queensland ((BOQ)) will provide a strategy update.
 

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