Weekly Reports | Feb 07 2014
This story features COCHLEAR LIMITED, and other companies. For more info SHARE ANALYSIS: COH
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
Volatility levels have increased on Wall Street but after the last three sessions the indications are the pullback has run its course. We have to see tonight’s January jobs numbers nevertheless, and these may prove difficult to interpret given the incalculable weather effect. It would likely not take much to send Wall Street spiralling once more.
The US quarterly result season is now tailing off with analysts reasonably happy with earnings results but again concerned over missing revenue growth. Attention has now turned to home where the local interim result season steps up another gear next week. Among the big names posting are Cochlear ((COH)), Commonwealth Bank ((CBA)), Leighton Holdings ((LEI)), Rio Tinto ((RIO)), Telstra ((TLS)) and Newcrest ((NCM)).
Next week’s data releases in Australia include housing finance and investment lending and our own January jobs numbers.
US data releases include wholesale trade, inventories, retail sales, industrial production and consumer sentiment.
China will be back in full swing next week although it usually takes a while for everyone to crank up again after the all the horsing around. China’s inflation numbers are due on Friday.
Friday also sees the first release of the eurozone December quarter GDP, while Japan is closed on Tuesday for a holiday.
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CHARTS
For more info SHARE ANALYSIS: CBA - COMMONWEALTH BANK OF AUSTRALIA
For more info SHARE ANALYSIS: COH - COCHLEAR LIMITED
For more info SHARE ANALYSIS: NCM - NEWCREST MINING LIMITED
For more info SHARE ANALYSIS: RIO - RIO TINTO LIMITED
For more info SHARE ANALYSIS: TLS - TELSTRA GROUP LIMITED