Weekly Reports | Oct 27 2017
This story features NATIONAL AUSTRALIA BANK LIMITED.
For more info SHARE ANALYSIS: NAB
The company is included in ASX20, 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
The US will see a first estimate of September quarter GDP tonight. Forecasts suggest 1.7% growth, down from 3.0% in June, reflecting the impact of the hurricanes.
The Fed will hold a policy meeting next week. No change is expected on rates but more information about balance sheet tapering may be forthcoming. It’s all a bit up in the air now, as Wall Street awaits the announcement of Trump’s choice for new chair.
The Bank of Japan will also meet next week, as will the Bank of England. Of the two, the BoE is an outside chance of announcing a hike.
The September quarter GDP result for the eurozone is due.
Being the first week in a new month, global manufacturing and services PMI numbers will be out across the week.
It also means jobs week for the US, with the private sector number out on Wednesday and non-farm payrolls on Friday. Other US data across the week include personal income & spending, house prices, consumer confidence, construction spending, vehicle sales, factory orders and trade.
Aside from the PMIs, Australia will see private sector credit, building approvals, the trade balance and retail sales next week.
National Bank ((NAB)) will report its earnings result on Thursday. The resource sector production reporting season has now wound down but AGM season will continue to roll on.
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