Next Week At A Glance

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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 a long weekend for both the US and UK this weekend as they take Monday off for Memorial Day and a bank holiday respectively so aside from all the Wall Street markets, the London Metals Exchange will also be closed.

There follows a busy week in the US for all-important economic data and much ado about whether or not the Fed will raise in 2015 or 2016.

We’ll see new and pending home sales, two house price indices, durable goods, two consumer confidence surveys, a flash services PMI estimate, the Richmond Fed index and Chicago PMI and, on Friday, the first revision of March quarter GDP, which may yet prove to show contraction.

The UK will also revise its GDP result on Friday and India will release its one and only GDP number.

Japan will release a raft of data over the week, including trade, retail sales, industrial production and inflation numbers.

It’s a quiet week economically in Australia with private sector credit the only highlight from a monthly perspective, but the release of March quarter consumption and spending data reminds us that next week sees our own GDP result.

It’s far from quiet on the local stock front nonetheless, with quite a handful of earnings results due.

Ozforex Group ((OFX)), Technology One ((TNE)), ALS ((ALQ)), Programmed Maintenance ((PRG)) and Fisher & Paykel Health ((FPH)) will all publish numbers while Nine Entertainment ((NEC)) and Suncorp ((SUN)) will hold investor days and there will be another raft of AGMs, including that of OZ Minerals ((OZL)).
 

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