Weekly Reports | Mar 28 2014
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
Tonight in the US sees personal income & spending data along with consumer sentiment, and then Monday signals the end of the March quarter. It’s been an eventful quarter, from US snow to Australian earnings results to Russian imperialism and a Chinese credit clampdown, not to mention Janet Yellen’s first “oops” moment, but realistically markets have gone nowhere. The mood remains mostly positive, but watchful.
The new month means PMI data hence on Tuesday we’ll see manufacturing PMIs from Australia, China, the eurozone, UK and US, followed up by service sector PMIs on Thursday.
It also means US jobs numbers, hence the ADP private sector report is due on Wednesday and the non-farm payrolls numbers on Friday. The US will also see the Chicago PMI, vehicle sales, construction spending, factory orders and the trade balance over the week.
Private sector credit data is due in Australia on Monday ahead of the April RBA meeting on Tuesday. The RBA won’t fool around, and will keep its “on hold” policy intact while likely trying to talk the Aussie down again. The Aussie has risen around 6% this year.
April will be a disjointed month, particularly in Australia where we’ll see Easter in a fortnight followed quickly by Anzac Day, providing for a four-day week followed by a three-day week and school holidays thrown in to boot. So trading might become a little thin. We might also see some end-of-quarter argy bargy today and on Monday as fund managers try to lock in their quarterly returns, and after next week we’ll be plunged into early darkness as Daylight Savings ends.
Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.
