Weekly Reports | Jun 27 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
Beyond Monday, next week ushers in the new financial year in Australia and being the first week of the month, means the usual barrage of local and global economic data.
Once we get through the noise of EOFY stock market argy-bargy, although I note we’ve gone quiet this morning, and we get past potential July 1 buying/selling of everything sold/bought in the run-up to June 30, then we might know where the market wants to go.
Tuesday is manufacturing PMI day across the globe featuring reports from Australia, China, China HSBC, the eurozone, UK and US. Service sector PMIs follow on Thursday.
For the US the first week of the month is always jobs week, although the usual Friday release of US non-farm payrolls will be brought forward to Thursday next week. Friday is the Fourth of July holiday and the NYSE and other markets will shut up shop at lunchtime on the Thursday.
Next week’s US data releases include the PMIs, ADP and official jobs numbers, the Chicago PMI, pending home sales, construction spending, vehicle sales, factory orders and the monthly trade balance.
The eurozone flash CPI estimate for June is due on Monday ahead of Thursday’s ECB policy meeting.
In Australia, the RBA will meet on Tuesday but no change is again expected, while data for the week include private sector credit, the trade balance, building approvals and retail sales along with the PMIs.
Confession Session is now over for Australian corporates, and July typically sees a dearth of company news as financial statements are prepared. Then all hell breaks loose in August when result season arrives.
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.
