Next Week At A Glance – 24-28 Jun 2024

Weekly Reports | Jun 21 2024

This story features METCASH LIMITED, and other companies. For more info SHARE ANALYSIS: MTS

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.

Titbits from the week that was

-Judo Bank Australia purchasing manager’s indices for June lower across Manufacturing & Services and overall (composite) at 50.6 which is lower than May at 52.1

-ANZ Bank job ads fell -2.1% in May 

-ANZ Bank-Roy Morgan confidence rose back above 80

-RBA meeting: rates unchanged with a “hawkish” tone 

-Bank of England kept rates unchanged

-Swiss National Bank cut rates by -25bps to 1.25%

-China left benchmark lending rates unchanged

-1Q GDP for NZ grew 0.2%

-US markets reached all time highs and Nvidia became the world’s most valuable company

Next week at a glance

-Monday June 24; NZ Trade balance

-Tuesday June 25; Westpac Consumer Sentiment;  US house price index

-Wednesday June 26; Australia May CPI, RBA Kent speech; US June consumer confidence, May new home sales

-Thursday June 27; ANZ consumer confidence; Australia job vacancies; Europe consumer confidence; US durable goods, US 1Q GDP, May initial jobless claims

-Friday June 28; Australia April private sector credit; Japan April industrial production, April jobless rate; UK 1Q GDP; US May PCE deflator, April personal spending, University of Michigan consumer sentiment

Corporate calendar

-Monday June 24; GUD Holdings ((GUD)) AGM, Metcash ((MTS)) earnings report; Steadfast Holdings ((SDF)) Investor Briefing (guidance pre-released)

-Tuesday June 25; Collins Food ((CKF)) earnings report

-Wednesday June 26; Fisher & Paykel ((FPH)) ex-dividend 21.84c

-Thursday June 27; REITS go ex-dividend (lots of them)

-Friday June 28; Danakali ((DNK)) ex-div 92.4c

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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CHARTS

CKF DNK FPH MTS SDF

For more info SHARE ANALYSIS: CKF - COLLINS FOODS LIMITED

For more info SHARE ANALYSIS: DNK - DANAKALI LIMITED

For more info SHARE ANALYSIS: MTS - METCASH LIMITED

For more info SHARE ANALYSIS: SDF - STEADFAST GROUP LIMITED