Next Week At A Glance

This story features WOOLWORTHS GROUP LIMITED, and other companies. For more info SHARE ANALYSIS: WOW

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

Thursday is Thanksgiving in the US which always ensures a shemozzle of a week. Volumes will begin to thin as market participants start getting out of the city ahead of those trying to get out of the city ahead of the final planes, trains and automobiles nightmare that is the Wednesday. All US markets are closed on the Thursday and the NYSE is just open for a half day on the Friday, attended only by a handful of unlucky skeletons.

There is nevertheless quite a lot of US data to deliver in the week, all of which will be crammed in before Thursday. We’ll see the Chicago Fed national activity index, the Case-Shiller and FHFA house price indices, the Richmond Fed manufacturing index, consumer confidence, durable goods, new and pending home sales and personal income and spending. Tuesday will see the first revision of the September quarter GDP result.

Japanese markets are closed on Monday and Japan will dump industrial production, retail sales and jobs data on Friday while Monday night’s German IFO business sentiment index will be closely watched.

The countdown to the following week’s release of Australia’s September quarter GDP begins next week with quarterly numbers for construction work done and private sector capex, and monthly private sector credit numbers are also due.

Next week brings the last busy week of local AGMs before they taper away to just the odd few thereafter. With its share price having been hammered of late, Woolworths ((WOW)) is probably the one to attend. ALS Ltd ((ALQ)) will deliver its interim result and Aristocrat Leisure ((ALL)) will post its full-year.

The big event next week will nevertheless be the OPEC meeting on Thursday night. Will they or won’t they cut production, that is the question, and no one knows for sure. It may be a case of hang on to your hats in the oil markets when the result is known, given Nymex will be on electronic trading as US oil traders tuck into the turkey and fixings.

Next weekend sees the Swiss gold referendum, but that is a story for next Friday.
 

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