Next Week At A Glance

This story features NEWCREST MINING LIMITED, and other companies. For more info SHARE ANALYSIS: NCM

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

It appears for now that the big US momentum stock sell-off may be over. The jury is still out nevertheless, although soothing words last night from Janet Yellen make it difficult to go short. For many it will be a case of allowing the US earnings season to play out and assessing the US economic recovery from there.

The US will be closed tonight but back on board on Monday night. Next week sees data releases for existing home sales, durable goods, house prices, consumer sentiment and the Richmond Fed manufacturing index. The centre of attention will nevertheless be corporate earnings releases, which roll out in great number next week.

Wednesday is flash day, which means April manufacturing PMI estimates for the US, eurozone and China (HSBC).

For Australia, next week’s economic highlight will be the release of the March quarter CPI. A stronger than expected result could send the Aussie off to the races.

Otherwise, Australian focus next week will be company-specific with quarterly production reports due from the likes of Newcrest Mining ((NCM)), Atlas Iron ((AGO)), Mincor ((MCR)), Panoramic Resources ((PAN)) and Perseus Mining ((PRU)), and a quarterly result due from ResMed ((RMD)).

Australia is closed tomorrow, next Monday and next Friday, as is New Zealand. The UK and Germany are closed tomorrow and Monday while the US is only closed tomorrow. It will be a very quiet week in markets next week in Australia although thin volumes could lead to volatility if circumstances allow.

Happy Easter.
 

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