Next Week At A Glance

This story features BEACH ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: BPT

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

Speculation has been ebbing and flowing for some time as to whether the Bank of England will need to shortly raise its cash rate. Tonight’s release of the first estimate of UK June quarter GDP will be closely watched. Durables goods orders will be the highlight in the US.

US quarterly earnings reports will continue to come thick and fast next week. So far results have not overwhelmed, although they haven’t particularly underwhelmed either. They’ve just whelmed.

Next week will also bring the first estimate of US June quarter GDP and Wall Street will be looking for a strong bounce-back from March’s negative 2.9%. Friday sees the first day of the new month which means US non-farm payroll numbers are due. Ahead of that all-important release, the week will see pending homes sales, the Case-Shiller house price index, consumer confidence, private sector jobs, construction spending and personal income and spending. And the first of the month also means manufacturing PMIs.

If all of the above is not enough, the Fed will hold a policy meeting on Wednesday, the day of the GDP release.

Manufacturing PMIs are also due on Friday for Australia, China, Japan, the eurozone and UK.

Japan will release industrial production, retail sales and jobs numbers next week, while the eurozone will see a flash reading of inflation.

The highlights in Australia’s economic week will be building approvals, private sector credit, the June quarter PPI and the manufacturing PMI.

The local resource sector production reports start to tail off next week, with highlights including Beach Energy ((BPT)), Origin Energy ((ORG)), Lynas Corp ((LYC)) and Paladin Energy ((PDN)).

Woolworths ((WOW)) will release its June quarter sales numbers.

The earnings season begins to ramp up next week, with results due from Leighton Holdings ((LEI)), Navitas ((NVT)), Alacer Gold ((AQG)), OceanaGold ((OGC)), newcomer Genworth Insurance ((GMA)), ERA ((ERA)) and ResMed ((RMD)).
 

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