Weekly Reports | Mar 23 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
As we watch the ASX200 slide away this morning, we head to the weekend wondering whether tonight is the night Wall Street returns to retest the February low. The S&P500 bottomed at 5581 in February – another -2.3% below last night’s close.
Trump’s trade war is escalating, and few in the market see protectionism as economically beneficial, even to the very workers Trump is trying to protect.
Next week is peppered with US data releases, which begin to take on less meaning in the pre-tariff period. Of particular note is Thursday’s release of personal income & spending data, which include the PCE measure of inflation preferred by the Fed.
Other US data releases next week include house prices, pending home sales, consumer confidence, trade, and the Chicago Fed and Richmond Fed indices.
It is a short week leading into the Easter break, with western markets all closed on Friday.
Australia’s only economic release of note is private sector credit on Thursday.
The result mini-season of the last couple of weeks has drawn to a close, but ex-dividends will still dominate the local market next week, with some big names still to go ex.
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