Weekly Reports | Mar 31 2017
This story features SCENTRE GROUP.
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The company is included in ASX50, ASX100, ASX200, ASX300 and ALL-ORDS
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
Today is the last day of the quarter (similarly tonight in the US) so there could be some misleading distortion in index performance by day’s end, particularly given the ASX200 is banging up against 5900. And it’s a Friday.
Tonight’s release of the US personal consumption & expenditure (PCE) measure of inflation could be interesting, as this is the number the Fed prefers as an indicator rather than the CPI. A surprise here could bring the four versus three rate hikes in 2017 debate back in play (or two versus three).
Next week sees Chinese markets closed on Monday and Tuesday.
For everyone else it’s manufacturing PMI day on Monday, with service PMIs to follow on Wednesday.
The Fed will be back in focus again next Friday with the US jobs numbers, preceded in the week by data for construction spending, factory orders, trade, vehicle and chain store sales and private sector jobs.
The minutes of the last Fed meeting, which gave us the rate hike, are due on Wednesday.
The RBA will meet on Tuesday but will probably republish last month’s statement verbatim.
Australia will see numbers for the PMIs (including construction), job ads, building approvals, retail sales and the trade balance.
The run of ex-divs has almost ended on the stock market but next week will see Scentre Group ((SCG)) and Westfield ((WFD)) hosting AGMs and Navitas ((NVT)) hosting an investor day.
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