Next Week At A Glance

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This story features BANK OF QUEENSLAND LIMITED.
For more info SHARE ANALYSIS: BOQ
The company is included in ASX100, ASX200, ASX300 and ALL-ORDS

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 sees the US jobs number for March and on Monday in the US, Alcoa will report its March quarter earnings. The US quarterly earnings season will thus begin. In both instances, weather is expected to come into play. If not, Wall Street is in trouble.

Aside from expecting a healthier jobs number tonight, Wall Street is anticipating that downgrades to earnings forecasts for US companies over the course of the quarter, a lot of which have been weather-related, will prove overdone. Hence traders are hoping for upside surprise, which is why the S&P 500 is back at its all-time high. The US earnings season will take a month to play out.

In economic data terms it’s quiet in the US next week, with the highlights being chain store sales, consumer sentiment and the PPI, along with the minutes of the last Fed meeting. Given Janet Yellen’s infamous “six months” call was made in her subsequent press conference rather than in the policy statement, the market will be scrutinising the minutes for any further clues on the timing of the first interest rate rise.

China’s March trade balance and inflation numbers are due next week and in Australia we’ll see ANZ job ads, NAB business confidence and Westpac consumer confidence. Japan’s CPI result is also due.

Local earnings results are expected next week from the Ten Network ((TEN)) and Bank of Queensland ((BOQ)).
 

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