Weekly Reports | Aug 25 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
The local reporting season will continue for four more days into next week, although the volume of reporting companies does begin to decline from this week’s avalanches. Perhaps more notable from next week is that the trickle of stocks going ex-dividend so far will become more of a flood into September, handicapping the index.
We still await speeches from Janet Yellen and Mario Draghi tonight at Jackson Hole and forex markets have gone quiet in anticipation.
It’s jobs week in the US next week with non-farm payrolls due on Friday. Ahead of that, numbers for trade, house prices, consumer confidence, private sector jobs, pending home sales, personal income & spending, construction spending, vehicle sales, the manufacturing PMI and another revision of June quarter GDP ensure a very busy data week.
Manufacturing PMIs are due across the globe on Friday except in China, where Beijing seems now to have settled on a schedule of announcing both manufacturing and services PMIs on the last day of the month. To be one up on everyone else, one assumes.
The UK is closed on Monday.
In Australia, we will begin the countdown to our own June quarter GDP release. Construction work done and private sector capex numbers are due. Monthly data releases include building approvals, private sector credit and the manufacturing PMI.
Note also that on Friday, S&P will announce this quarter’s promotion and relegation of stocks in and out of the ASX indices.
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