Next Week At A Glance

This story features NATIONAL AUSTRALIA BANK LIMITED. For more info SHARE ANALYSIS: NAB

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

Well here it comes, we hope. On Wednesday night the Fed will announce a 25 basis point rate rise. At least that’s what all the world believes. Janet Yellen will hold a press conference. The Fed will also provide a quarterly update of forecasts so assuming the rate hike is a given, the focus of attention will be on the pace of further hikes to come based on FOMC projections.

Tonight sees important retail sales numbers in the US, along with consumer sentiment and the PPI, but at this stage they are unlikely to impact on the Fed’s decision.

Tomorrow sees Beijing delivering China’s November industrial production, retail sales and fixed asset investment numbers.

Throughout the week, US releases include the CPI, housing sentiment and starts, industrial production and the Empire State and Philly Fed activity indices. Friday’s brings the quadruple witching derivatives expiry which can often lead to volatility.

Europe will be keeping an eye on inflation data, as well as the German IFO business and ZEW investor sentiment surveys, for clues as to whether the ECB may yet up the QE ante.

The Bank of Japan meets next week but no policy change is expected.

The local market will also see a “quadruple witching” on Thursday as quarterly futures, futures options, index options and stock options all expire together. On Friday changes to S&P/ASX index constituents, announced last week, will become effective.

On the economic front, the release of the minutes of that last RBA meeting and an RBA Bulletin will be the highlights.

National Australia Bank ((NAB)) is among a handful of companies holding AGMs next week.
 

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