Next Week At A Glance

This story features WESTPAC BANKING CORPORATION, and other companies. For more info SHARE ANALYSIS: WBC

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

Summer time ends in the US this weekend so as of Tuesday morning locally, the NYSE will close at 8am Sydney time, as will the SPI Overnight session.

On Sunday Beijing will release official October manufacturing and service sector PMIs ahead of the usual first trading day of the month manufacturing releases from Australia, Japan, the eurozone, UK and US, and Caixin’s independent Chinese number.

Wednesday brings a repeat for service sector PMIs.

Australia will also see building approvals, retail sales and trade numbers next week. Tuesday sees the Rate That Stops A Nation along with some horse race or other, which ushers in the market’s Silly Season. From here on it’s all about Christmas parties, long lunches and, hopefully, a Santa rally.

The RBA will also issue its December quarter Statement on Monetary Policy later in the week.

Japan will be closed on Tuesday for the Melbourne Cup. Or maybe for Culture Day.

US data releases next week include construction spending, factory orders, vehicle and chain store sales, trade and productivity. Wednesday sees the ADP private sector jobs report and Friday the all-important October non-farm payrolls numbers.

On the local stock front, the resource sector’s quarterly production report season is now over but the AGM season rolls on with gusto, albeit the volume will begin to reduce.

Westpac ((WBC)) will report full-year earnings on Monday and Commonwealth Bank ((CBA)) will provide a quarterly update on Thursday. CSR ((CSR)) will release its interim result on Wednesday.
 

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