Weekly Reports | Apr 17 2015
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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
A weak first quarter in the US might delay the inevitable, but Wall Street is resigned to the fact there will be a rate rise at some point. No use sweating over ever little nuance of Fed language. If the data determine, a rate rise will come and everyone will be prepared.
Next week’s US data releases, after tonight’s CPI, include the Chicago Fed national activity index, existing and new home sales, house prices and durable goods.
The flashers will be out and about on Thursday, with China (HSBC), the eurozone and US offering estimates of April manufacturing PMIs.
Sentiment in Europe will be revealed by both the ZEW investor and IFO business surveys.
The RBA will be very much in focus in Australia next week, and confusion now reigns following this week’s surprise drop in unemployment. The minutes of the last RBA meeting are due and Glenn Stevens will also make a speech. On Wednesday the March quarter CPI data will be released, which will be critical to policy.
It will also be a busy week on the local stock front. Resource sector quarterly production reports continue to roll in and merge with the calendar year AGM season.
Next week the production reports will include those from Oil Search ((OSH)), Rio Tinto ((RIO)) and BHP Billiton ((BHP)). Leighton Holdings ((LEI)) is among those holding AGMs, Australian Pharmaceutical Industries ((API)) will release its interim result and Transfield ((TSE)) and Telstra ((TLS)) will hold investor days.
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