Weekly Reports | Aug 26 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
There are still plenty of reports to get through over the last three days of the month and thus the local earnings season, but nothing like the volume we’ve seen in the latter part of this week. Life returns to normal with September.
Then we can all get some sleep.
We need to keep an eye on dividends from here nevertheless. We’ve already seen many a stock go ex as earnings season has progressed but the pace picks up a bit next week and continues into September, acting as a natural drag on the index.
As to whether the world will look different next week or not will come down to Janet Yellen’s speech at Jackson Hole tonight. My tip is no change. Wall Street will have time to ponder any ramifications over the Labor Day long weekend. US markets are closed on Monday night.
Then it’s jobs week. US non-farm payrolls are out next Friday following private sector numbers on Wednesday. Data across the week include personal income & spending, house prices, pending home sales, consumer confidence, construction spending and chain store and vehicle sales.
Thursday is the first of the month so that means manufacturing PMIs from across the globe and both manufacturing and the service sector PMI from Beijing.
Australian data next week include the manufacturing PMI as well as building approvals, private sector credit and retail sales.
On Friday, pending changes will be announced to S&P/ASX index components ahead of becoming effective two weeks hence.
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