Next Week At A Glance

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    [0] => Array
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            [0] => ((TPM))
            [1] => ((MYR))
            [2] => ((NUF))
            [3] => ((BKW))
            [4] => ((SIG))
            [5] => ((SOL))
        )

    [1] => Array
        (
            [0] => TPM
            [1] => MYR
            [2] => NUF
            [3] => BKW
            [4] => SIG
            [5] => SOL
        )

)

This story features MYER HOLDINGS LIMITED, and other companies.
For more info SHARE ANALYSIS: MYR
The company is included in 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

Wall Street enters tonight and next week in a state of flux. 2017 was a year which saw the US stock market surge on strong earnings, supported by low interest rates (rising, but only slowly), and the promise of tax cuts. The tax cuts were duly delivered and Wall Street entered 2018 in a state of euphoria.

So now what? Trump has delivered his “biggie”, being tax cuts, so anything from here on, such as infrastructure, pales in comparison. And indeed, he has gone the other way by causing much consternation, confusion and criticism with his as yet unclear trade policy.

The February inflation shock may have proven fleeting, given subsequent inflation measures in the US have shown January data up to be a blip but nervousness remains heightened as to whether the Fed might tighten too quickly, particularly given the fiscal stimulus of lower taxes.

December quarter earnings again proved solid, and they are pre-tax cut. But Wall Street’s run from Trump’s election to the peak before the February correction suggests tax cut benefits are already priced in. What, now, does Wall Street have to look forward to? What is the next positive catalyst?

Next week Wall Street will look forward to the Fed policy meeting and Jerome Powell’s first press conference on Wednesday. A rate rise is still assumed, but FOMC thinking on what happens thereafter will be critical for market sentiment.

In a week otherwise devoid of US data releases, a flash reading of March PMI is the only highlight.

The RBNZ and Bank of England both hold policy meetings next week post Fed.

The minutes of the last RBA meeting are out on Tuesday, and Thursday brings the February job numbers.

We have a bit a reporting mini-season on the ASX next week, with all of TPG Telecom ((TPM)), Myer ((MYR)), Nufarm ((NUF)), Brickworks ((BKW)), Sigma Healthcare ((SIG)) and WH Soul Pattinson ((SOL)) posting results.

There are not as many stocks going ex-dividend next week as have this week, but there’s still plenty of them.

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