Weekly Reports | Nov 04 2016
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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
Presumably by some time on Wednesday afternoon we’ll know the result of the US election, unless of course it’s too close to call. Even if a Clinton victory is clear-cut, we still don’t know whether Trump will challenge the result.
Before that we have to get through tonight’s US jobs report, but with the Fed now seemingly having made up its mind, this report does not carry a lot of weight. The only issue would be if the number came in way low.
US data is otherwise thin on the ground next week, with consumer credit and the fortnightly consumer sentiment survey the only highlights. Friday is Veterans Day which is one of those half-holidays in which banks and the bond market are closed but stocks and commodities are open. Given 11/11 this year falls on a Friday, we can assume most of Wall Street will be taking a long weekend.
China will nevertheless be back in the frame with October trade and inflation numbers.
The RBNZ holds a policy meeting on Thursday.
In Australia we’ll see ANZ job ads and the NAB business and Westpac consumer confidence surveys along with housing finance numbers.
Next week sees another solid round of AGMs.
Note that US summer time ends of the weekend so as of Tuesday morning the NYSE will close at 8am Sydney time.
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