Weekly Reports | Mar 17 2017
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
After a tumultuous week of monetary policy and politics, next week should be a lot more subdued, saving anything bizarre out of Camp Trump.
As we approach the last weeks of March with US indices again threatening to test all-time highs, talk now is of April, and that month’s propensity to be a turning point. Why is that so? Because it’s the month before May, and as we all know one must sell in May and go away, but in order to avoid the rush it’s best to get in early.
Things will be quiet on the Fed front now and the reality of Trump being unable to achieve anything expediently is finally beginning to dawn on Wall Street. Brexit is about to be triggered but we know that, and the French election a few weeks away seems now to lack any real threat if the benign Dutch result is anything to go by.
Janet Yellen does make a speech next Thursday but it is unlikely she’ll suggest anything new. Otherwise US data releases next week include the Chicago Fed national index, new and existing home sales, house prices and durable goods orders.
December quarter house prices we be on show in Australia, if they are still relevant in March, in a week otherwise devoid of major data releases.
The RBNZ will hold a policy meeting on Thursday.
Japan is closed for business on Monday.
On the local stock front, there is still a remaining trickle of ex-divs to get through but we’ll also see a run of out-of-cycle earnings reports. They include numbers from Kathmandu ((KMD)), Premier Investments ((PMV)), TPG Telecom ((TPM)) and Brickworks ((BKW)).
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