Weekly Reports | Sep 02 2016
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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
As always, it is difficult to know just how Wall Street will respond to a good/bad/indifferent jobs number tonight, and even more difficult to know what the Fed might think. Typically, the smart money stays out of the market on jobs day given potentially wild volatility before moving in response in the next session.
In this case, the US Labor Day long weekend will mean we’ll have to wait until Tuesday night. US markets are closed on Monday night.
This means the US services PMI for August will be published on Tuesday, while all others will post on Monday.
The Fed Beige Book will be published on Wednesday but then attention will move to the ECB, which will hold a policy meeting on Thursday.
Following on from yesterday’s PMIs, China will be in the frame once more with Caixin’s services PMI and official trade and inflation data due next week.
The RBA will hold a policy meeting on Tuesday. While economists are still predicting further cuts it is unlikely the RBA will double up in September, particularly given the chance the Fed might go the other way.
The Australian June quarter current account and trade balance are also out on Tuesday ahead of Wednesday’s GDP result. On a monthly basis, we’ll also see ANZ job ads, trade and housing finance data next week.
On the local stock front we’ll see off-cycle earnings reports from Kathmandu ((KMD)), Sigma Pharmaceutical ((SIP)) and Premier Investments ((PMV)). There will also be a lot of stocks going ex-dividend.
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