Weekly Reports | May 03 2019
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 Fed “pause” is back to being a matter of great debate following this week’s policy meeting, but for the local market next week’s RBA meeting will be the most critical since August 2016 – the last time we saw a rate cut.
The market is factoring in a 50/50 chance of a cut next week to 1.25%. We could call that 50% weak CPI data and 50% strong labour market.
Data releases next week include ANZ job ads, retail sales, trade and the construction PMI. On Friday the RBA releases its quarterly Statement on Monetary Policy.
China releases trade and inflation numbers next week, as does the US.
UK markets are closed on Monday.
The local stock market will see a sudden burst of earnings results next week, including those of Westpac ((WBC)), CSR ((CSR)), EclipX Group ((ECX)), Graincorp ((GNC)), Orica ((ORI)) and News Corp ((NWS)).
Qantas ((QAN)) will provide a quarterly update.
Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.
FNArena is proud about its track record and past achievements: Ten Years On