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

The US will release April retail sales numbers tonight which might go some way to confirming whether US consumers simply aren’t buying, or just not buying from bricks & mortar, given a very weak run of chain store quarterly earnings results this week.

Tonight also sees the eurozone’s March quarter GDP result.

Tomorrow Beijing will release Chinese retail sales, industrial production and fixed asset investment numbers for April.

Japan will release its March quarter GDP result next week, in a busy week for US data.

They include numbers for housing sentiment, starts and existing home sales, industrial production and inflation, as well as the Empire State, Philly Fed and Chicago Fed activity indices. The minutes of the April Fed meeting are also due.

The minutes of the May RBA meeting are out on Tuesday but between last week’s rate cut and the Statement on Monetary Policy, the market has a pretty clear idea of where the RBA is headed.

Australia’s jobs numbers are also out next week and the release of the March quarter wage price index kicks off the run-down to the GDP result in two weeks’ time.

Next week will see earnings results from Elders ((ELD)), DuluxGroup ((DLX)), James Hardie ((JHX)) and Oxforex ((OFX)) while Woodside Petroleum ((WPL)) will hold an investor day and several more AGMs are scheduled.
 

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