Weekly Reports | Jan 27 2017
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
It will be interesting to see how Wall Street responds to tonight’s release of the first estimate of US December quarter GDP. If it’s a good number, then that’s good. If it’s a bad number then, well, Mr Trump is now on board to fix all that.
The US earnings season will continue next week amidst a barrage of economic data. Wednesday is the first of the new month which means manufacturing PMI numbers from across the globe, and service sector PMIs on Friday. The US will also see pending home sales, house prices, personal income & spending, consumer confidence, construction spending and productivity.
Wednesday sees the private sector jobs number and Friday brings non-farm payrolls. And Wednesday also features the first Fed policy meeting under the new Administration. How will Yellen perceive the prospects ahead?
China will be closed through to Friday for the New Year holiday, although Beijing will still dutifully release its PMI data.
The first estimate of the eurozone’s December quarter GDP is out next week. The Bank of Japan and the Bank of England will both hold policy meetings.
Australia will see numbers for the PMIs, private sector credit, building approvals, housing finance and the NAB business confidence survey. The RBA will publish its quarterly Statement on Monetary Policy.
On the local stock front, the end of the resource sector production report season will merge with the early stages of the corporate earnings result season. Next week sees a handful of companies reporting.
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