Next Week At A Glance

This story features KMD BRANDS LIMITED, and other companies. For more info SHARE ANALYSIS: KMD

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

By sometime this afternoon it should be confirmed Scotland will remain as a member of the UK, or at least that’s what markets are assuming.

Alibaba’s float has settled at a US$68 listing price, as was expected. Tonight the stock will begin trading and potentially all hell will break lose, or not. Alibaba is one for the investment banks and hedge funds and not for the retailers, as being Chinese it will never be included in a US index. The US close will be interesting tonight given a quadruple witching derivatives expiry and an S&P index rebalancing.

Things really hot up on the US economic data front next week, which is even more relevant now the Fed has reinforced the data dependence of its policy decisions. Next week sees new and existing home sales, the FHFA house price index, Richmond Fed index, two consumer confidence surveys, durable goods and, on Friday, another revision of June quarter GDP.

Tuesday is flash day, featuring estimates of September manufacturing PMIs in China (HSBC), the eurozone and US. The German IFO business sentiment survey will also be closely watched in the wake of the latest ECB stimulus and an eerily quiet post-ceasefire Ukraine.

The RBA’s Financial Stability Review will be the highlight of an otherwise quiet economic week in Australia, while on Thursday the expiry of quarterly stock options may bring some volatility.

The late season earnings reports continue next week, with Kathmandu ((KMD)), Nufarm ((NUF)), TPG Telecom ((TPM)) and the now infamous Brickworks ((BKW)) in the frame. There’ll be a further smattering of ex-divs and Telstra ((TLS)) will hold a shareholders meeting on Tuesday.

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