Weekly Reports | Dec 19 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
It’s been a volatile week, particularly on Wall Street, and the volatility is not expected to calm down tonight given the US quadruple witching expiry of stock and index options, futures and futures options. The scramble is also on now ahead of books-close for the quarter and, for many, the financial year. With the US market now firing back again, further window dressing seems on the cards.
Here comes Santa.
It’s a short week for most major markets next week, interrupted by Christmas. The US will cram a lot of data releases into the couple of days beforehand.
Monday and Tuesday in the US will bring releases for the Chicago Fed national activity index, existing and new home sales, house prices, personal income and spending, durable goods, the Richmond Fed index and the last fortnightly Michigan Uni consumer sentiment index for the year. Tuesday will also see another revision of the September quarter GDP.
Data from elsewhere is relatively thin on the ground next week. Japan will nevertheless deliver industrial production, retails sales and unemployment numbers on Friday. Japanese markets are closed on Tuesday, but open the rest of the week.
The ASX will close at 2.10pm on Christmas Eve, Sydney time, and the NYSE will close at 1pm NY time. The Australian, New Zealand, UK and European markets are closed on both Christmas Day and Boxing Day while US markets close only on Christmas Day.
FNArena will wrap it up for the year on Tuesday. Broker Call and News services will take a holiday break but the website will be fully accessible over the period.
FNArena will return on Wednesday, January 14.
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