Weekly Reports | Mar 02 2018
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
The local results season is over. Look for a comprehensive wrap of how the market fared when the final FNArena Reporting Season Monitor (for this season) is published early next week.
The end of the season heralds the end of the micro-focus that had dominated the latter, busier part of the season until the macro-focus took over once more. Next week it’s back to simply worrying about Wall Street.
With earnings results come dividends, and next week will see the greatest number of stocks going ex. This will provide a default ASX200 handicap at the open of each session.
It is an important week locally on the economic front. The RBA will meet on Tuesday ahead of the release of the December quarter GDP result on the Wednesday. The current account report, including the terms of trade, will be released on the Tuesday.
Monthly data next week include ANZ job ads, building approvals, retail sales and the trade balance.
Globally, service sector PMIs are due on Monday.
China will report trade and inflation numbers later in the week.
Both the ECB and Bank of Japan hold policy meetings next week.
It’s jobs week in the US, and the way things are going at the moment the numbers could have explosive ramifications. Let us not forget it was the January non-farm payrolls report that triggered the Wall Street correction. The headline number of jobs created is no longer of much importance. It is the wage inflation number that Wall Street is now obsessed with.
Other US data releases next week include factory orders, trade, and private sector jobs, while the Fed Beige Book is due on Wednesday.
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