Weekly Reports | Apr 05 2019
This story features SIMS LIMITED, and other companies. For more info SHARE ANALYSIS: SGM
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
After a typical post-result season period of corporate news vacuum, next week provides the first indication newsflow in the Australian market will begin to ramp up again. Calendar year reporting companies will begin a round of AGMs, resource sector companies will provide quarterly production reports, and soon a flood of quarterly reports will be forthcoming from other businesses.
It’s the quarterly reporting season we don’t have.
The US does have quarterly reporting seasons, and the next one will kick off on Friday when the first of the big banks release their numbers.
Wall Street will also be holding its breath for an announcement on US-China trade, with the Chinese delegation still in Washington as we speak.
US economic data next week is fairly thin, although inflation numbers will be closely watched in terms of Fed speculation. The minutes of the last Fed meeting are out on Wednesday.
The ECB holds a policy meeting on Wednesday. Mario Draghi’s tenure is soon to expire, so speculation is mounting as to who his successor might be.
Locally, data next week include ANZ job ads and Westpac consumer confidence, along with housing finance. The RBA publishes a Financial Stability Review on Friday.
The run of ex-dividends slows to a trickle next week. Sims Metal Management ((SGM)) will hold a strategy day and Bank of Queensland ((BOQ)) will report earnings, possibly announcing the dividend cut many are anticipating.
Rio Tinto ((RIO)) will hold its AGM in London, Cimic ((CIM)) will hold its AGM onshore while Whitehaven Coal ((WHC)) and OZ Minerals ((OZL)) kick off the run of production reports.
Note that as of Tuesday the NYSE will close at 6am Sydney time.
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CHARTS
For more info SHARE ANALYSIS: BOQ - BANK OF QUEENSLAND LIMITED
For more info SHARE ANALYSIS: OZL - OZ MINERALS LIMITED
For more info SHARE ANALYSIS: RIO - RIO TINTO LIMITED
For more info SHARE ANALYSIS: SGM - SIMS LIMITED
For more info SHARE ANALYSIS: WHC - WHITEHAVEN COAL LIMITED