FYI | Apr 09 2009
By Chris Shaw
With the Easter break shortening trading both this week and next in many markets there is a reduced amount of economic releases expected over the next few trading sessions. Meanwhile, US corporate reporting season will provide enough information to keep the attention of investors.
While the biggest of the US companies are reporting the following week, next week will see the likes of Honeywell, Sonoco and United Technologies release earnings figures. These should give an early indication of how corporate America is travelling in the current economic climate.
US data out next week include March PPI and retail sales and February business inventory numbers out on Tuesday, the Fed beige book along with CPI and IP numbers for March, net long-term TIC flow data for February and April Empire manufacturing figures on Wednesday, March housing starts and building permit numbers on Thursday and University of Michigan consumer confidence data next Friday.
Closer to home there will be the National Australia Bank monthly business survey for March out on Tuesday, the latest Reserve Bank bulletin next Thursday and import and export price data for the March quarter on Friday. New Zealand data releases include retail sales for February on Tuesday and March quarter CPI numbers on Friday.
Out of Japan there will be industrial production data for February on Wednesday, while March CPI and February industrial production numbers for the European Union are expected on Thursday along and trade and construction output data for February on Friday. From the UK there will be an update on house prices for March on Tuesday and February trade numbers on Thursday.
There are a few annual general meetings from listed Australian companies next week including Axiom Mining ((AVQ)) on Tuesday, Early Learning Services ((ELY)) and IPGA ((IPP)) on Wednesday, Australand Property ((ALZ)) on Thursday and Coal & Allied ((CNA)) and Tasmania Mines ((TMM)) on Friday, while FFI Holdings ((FFI)) goes ex a 7c dividend on Wednesday.
For more information: see the FNArena calendar on the website (updated regularly) and Tuesday’s The Week Ahead.