Weekly Reports | Jun 24 2016
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…it’s white knuckle stuff.
When I wrote the Overnight Report this morning it looked reasonably safe the UK would remain in the EU, as far as global markets were concerned, but now the result is unclear at best. It’s early days, so no point in me speculating. Brexit outcome notwithstanding, this is what we can look forward to next week…
Tonight in the US, durable goods orders.
Next week, trade, the Richmond Fed index, house prices, consumer confidence, pending home sales and the Chicago PMI. Wednesday sees personal income & spending, along with the Fed’s preferred PCE measure of inflation. Coincidentally, Yellen will speak on Wednesday.
Tuesday sees the final revision of US March quarter GDP before the first estimate for the June quarter comes along.
Friday is the first of the month, meaning manufacturing PMIs from across the globe and both manufacturing and service sector PMIs from China.
Late in the week we see a raft of data out of Japan, including unemployment, industrial production and inflation. The BoJ will no doubt be on a knife’s edge right now watching the Brexit vote, given a vote to leave will send the yen surging to further derail monetary policy impact.
In Australia we’ll see new home sales and house prices along with the manufacturing PMI.
Thursday is the end of financial year, which can mean a deal of volatility in isolation as fund managers and traders play argie-bargie on the local bourse.
But of course the world could possibly look very different net week.
Over to you London…
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