Next Week At A Glance

This story features JAMES HARDIE INDUSTRIES PLC, and other companies. For more info SHARE ANALYSIS: JHX

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

Central bank policy will be in the frame next week, if it isn’t always, as both the Fed and RBA release the minutes of their recent policy meetings. In the case of the Fed, the market will be looking for rate rise clues but it is most likely “data dependence” will remain the only theme.

To that end, tonight in the US sees industrial production and consumer sentiment numbers along with the Empire State activity index. Next week brings housing sentiment and starts, existing home sales, the CPI, the Philly Fed activity index and Chicago Fed national activity index, and a flash estimate of the May manufacturing PMI.

The minutes are due out on Wednesday night.

Has the RBA pulled stumps on its easing cycle? Perhaps Tuesday’s minutes release will hold some clues. Westpac will also release its monthly consumer confidence survey next week.

For the eurozone, next week’s CPI, trade balance, ZEW investor sentiment and IFO business sentiment surveys will provide further fodder for currently volatile European stock markets.

The eurozone will also flash its PMI as will Japan, but arguably most attention will be focused on China’s estimate from HSBC.

On the local stock front, DuluxGroup ((DLX)) will release its interim result and James Hardie ((JHX)) its quarterly, while the AGMs roll on. “Investor” or “Strategy” days are also popular next week, with Boral ((BLD)), Wesfarmers ((WES)) and Woodside Petroleum ((WPL)) among those feeling the need.

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