Next Week At A Glance

This story features BANK OF QUEENSLAND LIMITED. For more info SHARE ANALYSIS: BOQ

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

The US non-farm payrolls report for March is due tonight. Given the shift to a more dovish stance from the Fed following first the March policy statement, and more emphatically, this week’s speech from Janet Yellen, the level of vital importance of US jobs reports has waned since, say, this time a year ago.

Beijing will release both China’s March manufacturing and service sector PMIs today. Again, with Beijing expected to step up monetary and/or fiscal stimulus if data continue to be weak, the potential for volatility that once accompanied these releases had faded somewhat.

Australia, Japan, the eurozone, UK and US will release manufacturing PMIs and Caixin will release its independent China manufacturing PMI today.

Next Tuesday sees the same round again for service sector PMIs.

The Fed will be back in the frame next week with the release of the minutes of the March FOMC meeting. The only real point of interest, nevertheless, will be the level of dissention among voting members. Janet Yellen has since superseded the March statement with her speech this week. Yellen will also speak again next Thursday.

US data release next week include factory orders, chain store sales and trade numbers in what is a quieter week economically.

Australia will see ANZ job ads, the TD Securities inflation gauge, building approvals and retail sales numbers on Monday. The RBA will hold a policy meeting on Tuesday. While Glenn Stevens’ recent speech suggests no likelihood of a rate cut, his statement will be interesting in the wake of the reduced possibility of a Fed rate hike anytime soon and the impact that is having on the Aussie dollar.

The round of ex-dividends in the local market all but comes to a close next week. Bank of Queensland ((BOQ)) will report earnings on Thursday.
 

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