Weekly Reports | Oct 14 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
Yesterday’s weak Chinese trade data has suddenly jolted the market out of a creeping sense of complacency over the Chinese economy. With Fed policy, Brexit and European banks drawing attention away, China had slipped into the background.
Next week may prove different, particularly now the market has come back to earth. Aside from inflation data due today, China will release a monthly data dump of industrial production, retail sales and fixed asset investment numbers on Wednesday, and the September quarter GDP result.
Not that the Fed, Europe et al are about to go away. Janet Yellen will speak tonight, ahead of a raft of US data releases next week including industrial production, inflation, housing sentiment and starts, existing home sales, the Empire State and Philly Fed indices, and the Fed Beige Book.
But tonight we will also see retail sales, which are becoming increasingly important as we head towards Christmas.
The ECB will hold a policy meeting next Thursday. To date the ECB has denied rumours of a planned QE tapering so this meeting will be closely watched.
The minutes of the September RBA meeting are due next week but won’t much stir the pot while Thursday sees the local jobs number.
On the local stock front, quarterly reporting season steps up a gear as resource sector production reports flood in and various non-resource companies issue reports or hold investor days. This coincides with a growing number of AGMs.
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