Weekly Reports | Nov 04 2022
This story features WESTPAC BANKING CORPORATION, and other companies. For more info SHARE ANALYSIS: WBC
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
Stronger than expected US jobs growth in September sent Wall Street spiralling. Tonight brings the October result, but Wall Street has already taken on board stubborn Fed hawkishness.
Next week gets even scarier with the US October CPI due on Friday.
The midterm elections will be held on Tuesday and polls point to the Republicans taking both the House and Senate. Not that polls have a great track record.
Wall Street loves a good hung parliament, to put it in our terms, as it means the Administration has no chance to upset the status quo with unpopular policy.
Next week also sees US consumer sentiment.
China releases October inflation data.
Locally we’ll see ANZ Bank’s job ads series and the NAB business and Westpac consumer confidence surveys.
There are still many more AGMs to plough through as well.
Note that the US comes off summer time this weekend, thus from Tuesday morning the NYSE will close at 8am Sydney time, as will the SPI Overnight.
Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.
FNArena is proud about its track record and past achievements: Ten Years On
For more info SHARE ANALYSIS: ANZ - ANZ GROUP HOLDINGS LIMITED
For more info SHARE ANALYSIS: JHX - JAMES HARDIE INDUSTRIES PLC
For more info SHARE ANALYSIS: MQG - MACQUARIE GROUP LIMITED
For more info SHARE ANALYSIS: NAB - NATIONAL AUSTRALIA BANK LIMITED
For more info SHARE ANALYSIS: ORI - ORICA LIMITED
For more info SHARE ANALYSIS: WBC - WESTPAC BANKING CORPORATION
For more info SHARE ANALYSIS: XRO - XERO LIMITED