Weekly Reports | Jun 28 2019
This story features BAPCOR LIMITED.
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The company is included in ASX300 and ALL-ORDS
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By Greg Peel
Deal or nor deal? The latter is more likely than the former, with the in-between outcome of “continue to talk” and at least a postponement of the final tranche of tariffs – a “trade truce” – being shortest in the odds. We’ll know some time on Saturday.
On Sunday China releases its PMIs for June.
OPEC will hold its production meeting on Monday night, having postponed to after the G20.
Monday brings the monthly round of global manufacturing PMIs and Wednesday is services PMIs.
The outcome of the G20 will clearly put the Fed back in the frame next week, ahead of US June jobs data. Other US releases next week include private sector jobs, factory orders and trade.
The RBA meets on Tuesday and will most likely cut the cash rate again. Why wait till August? The only source of potential hesitance would be something a lot more positive out of Osaka than just “continue to talk”.
Australia will also see numbers for house prices, building approvals and retail sales.
Bapcor ((BAP)) hosts an investor day.
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