Weekly Reports | Oct 21 2016
This story features WESFARMERS LIMITED, and other companies. For more info SHARE ANALYSIS: WES
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
If you think this week was a busy one for local corporate AGMs, you ain’t seen nothing yet. Next week brings an avalanche. The bigger miners and energy companies have reported quarterly production but there are still plenty of smaller reporters ahead next week as well.
We’ll also see quarterly sales numbers from Wesfarmers ((WES)) and Woolworths ((WOW)) and quarterly earnings from ResMed ((RMD)). But most importantly, National Bank ((NAB)) kicks off the bank reporting season on Thursday, followed by Macquarie Group ((MQG)) on Friday.
While there’s not a lot of local data releases due next week what there is is critical. The RBA will be closely watching next week’s September quarter CPI numbers.
The Fed will be in focus next Friday when the first estimate of US September quarter GDP is released. Ahead of that, the week will bring monthly numbers for US consumer confidence, house prices, home sales, trade, durable goods, flash PMI estimates and the Richmond Fed and Chicago Fed national activity indices.
There will also be a lot of interest in the UK GDP result on Thursday.
New Zealand has a public holiday on Monday so Richie McCaw can release his new documentary “My Life Offside”.
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