Weekly Reports | Jul 21 2023
This story features SOUTH32 LIMITED, and other companies. For more info SHARE ANALYSIS: S32
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
Two big events next week: Australia’s June quarter CPI report and the July Fed meeting — both on the 26th.
Yesterday’s local jobs numbers have rekindled expectations of an August RBA rate hike, so the CPI would have to do something remarkable to prevent that. In the US, another hike is fully expected.
The day after the Fed meeting the first estimate of US June GDP is released, and the next day, June PCE inflation.
The US also sees consumer confidence, new home sales and durable goods orders.
Flash estimates of July PMIs will be released across the globe and both the ECB and Bank of Japan hold policy meetings, post Fed.
Locally, the other important release along with the CPI is June retail sales.
Quarterly reports flow thick and fast next week, mostly from miners. South32 ((S32)), Newcrest Mining ((NCM)), Mineral Resources ((MIN)), Fortescue Metals ((FMG)) and Sandfire Resources ((SFR)) are among that number.
For a calendar of earnings result releases and a summary of earnings results to date, refer to FNArena's Corporate Results Monitor (https://www.fnarena.com/index.php/reporting_season/)
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For more info SHARE ANALYSIS: ABP - ABACUS PROPERTY GROUP
For more info SHARE ANALYSIS: CIA - CHAMPION IRON LIMITED
For more info SHARE ANALYSIS: FMG - FORTESCUE LIMITED
For more info SHARE ANALYSIS: GDF - GARDA PROPERTY GROUP
For more info SHARE ANALYSIS: MIN - MINERAL RESOURCES LIMITED
For more info SHARE ANALYSIS: MQG - MACQUARIE GROUP LIMITED
For more info SHARE ANALYSIS: NCM - NEWCREST MINING LIMITED
For more info SHARE ANALYSIS: RIO - RIO TINTO LIMITED
For more info SHARE ANALYSIS: S32 - SOUTH32 LIMITED
For more info SHARE ANALYSIS: SFR - SANDFIRE RESOURCES LIMITED