Next Week At A Glance – 1-5 – July 2024

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    [0] => Array
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            [0] => ((CQR))
            [1] => ((GNC))
            [2] => ((CKF))
        )

    [1] => Array
        (
            [0] => CQR
            [1] => GNC
            [2] => CKF
        )

)

This story features CHARTER HALL RETAIL REIT, and other companies.
For more info SHARE ANALYSIS: CQR
The company is included in ASX200, 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.

Titbits from the week that was

-May CPI rose to 4% year-on-year from 3.6% in April, a six-month high

-Job vacancies declined -2.7% quarter-on-quarter in May, down -26% from the May 2022 peak

-Reserve Bank of Australia Deputy Governor Andrew Hauser said, “It would be a bad mistake to set policy on the basis of one number, and we don’t do that,” when asked about the May inflation data.

-Australian total household wealth increased  2.7% or $431.5bn in the March quarter to $16.2trn. Residential land and dwellings contributed 1.3 percentage points to quarterly growth. Wealth is 10.2% or $1.5trn higher than a year ago.

-The SEEK Australian Advertised Salary Index rose by 0.2% in May, with the annual rate of growth steady at 4.3% after peaking at 4.9% year-on-year in September 2023.

– SEEK online national job ads fell -0.6% in May. Small drops in the most populous states contributed to the national decline, although it was in the regions where monthly decline was most noticeable. 

– Australian housing rental prices rose 0.8% in May and increased 7.4% in the 12 months to May, easing from 7.5% in April. 

– The Westpac-Melbourne Institute index of consumer sentiment rose 1.7% in June from May, when it dipped -0.3%. The index reading of 83.6 showed pessimists still outnumbered optimists.

-US 1Q GDP estimate rose to 1.4% from 1.3%.

-US durable goods orders rose 0.1% in May, higher than expected.

-FOMC commentary was “atypical” notes Westpac with concerns over downside risks to activity and upside risks to inflation.

Next week at a glance

-Monday July 1; June ANZ job ads and May retail sales; global PMIs; German CPI

-Tuesday July 2; RBA June meeting minutes; NZ May building permits; Euro June CPI and unemployment rate; US JOLTS May

-Wednesday July; Australia building approvals; NZ June consumer prices; US May trade balance, May factory orders and June FOMC meeting

-Thursday July 4; Australia May trade balance

-Friday July 5 Europe May retail sales; US June non-farm payrolls and unemployment rate

Corporate calendar

-Monday July 1; Charter Hall Retail REIT ((CQR)) ex-dividend 12.4c

-Tuesday July 2; nothing we know of

-Wednesday July 3; GrainCorp ((GNC)) ex-dividend 24c (100% franked)

-Thursday July 4; Collins Foods ((CKF)) ex-dividend 15.5c (100% franked)

-Friday July 5; nothing currently available

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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