Weekly Reports | Jan 20 2017
This story features BHP GROUP LIMITED, and other companies. For more info SHARE ANALYSIS: BHP
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
There’s a new world somewhere, they call the Promised Land.
So once sang a bunch of folksy Aussie nerds. Will the new world begin emerging after tonight? Jury’s out.
Life will nevertheless go on in the market next week, albeit in the vast shadow of Trump and his yet to be confirmed cabinet. In the US, life next week will mean a ramp-up of corporate earnings reports and a wealth of economic data.
They include new and existing home sales, house prices, the trade balance, durable goods, the Richmond and Chicago Fed indices, flash estimates of manufacturing and services PMIs and, on Friday, the first estimate of December quarter GDP.
China’s one and only GDP result is out today, and as of Friday next week China will enter the week-long annual New Year holiday.
On the local front, it’s a short week punctuated by the Australia Day Holiday on Thursday, and a lot of summer colds on Friday. The highlight of the week will be the release of December quarter CPI numbers on Wednesday.
On the local stock front, the resource sector quarterly production report season ploughs on, with reporters next week including BHP Billiton ((BHP)), Oil Search ((OSH)), and a beaten-down Independence Group ((IGO)).
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