Weekly Reports | Jun 17 2016
This story features METCASH LIMITED, and other companies. For more info SHARE ANALYSIS: MTS
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By Greg Peel
The big day is upon us. Next Thursday Britain will vote on the Brexit. Late mail has the “stay” vote in front but given the swings and roundabouts of late, polling up to the day may still spark further market volatility.
The vote will be the stand-out event in what is otherwise a relatively quiet week on the calendar.
The US needs to get through the quadruple witching expiry tonight ahead various economic releases later next week. Wednesday sees existing home sales and house prices, Thursday new home sales, the Chicago Fed index and a flash reading of June manufacturing PMI, and Friday it’s durable goods and consumer sentiment.
The two influential monthly sentiment surveys in Germany are due next week, being the ZEW and IFO, but pre-Brexit vote they won’t mean much.
The minutes of the June RBA meeting will be released on Tuesday in a week otherwise largely devoid of local data. Thursday sees the expiry of ASX stock options.
Metcash ((MTS)) will release its earnings result on Monday, BHP Billiton ((BHP)) will host an investor day in London on Tuesday and Wesfarmers ((WES)) will hold a strategy day on Wednesday.
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For more info SHARE ANALYSIS: BHP - BHP GROUP LIMITED
For more info SHARE ANALYSIS: MTS - METCASH LIMITED
For more info SHARE ANALYSIS: WES - WESFARMERS LIMITED