Weekly Reports | Aug 02 2019
This story features COMMONWEALTH BANK OF AUSTRALIA, and other companies. For more info SHARE ANALYSIS: CBA
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 trade war’s back on, the chance of another Fed rate cut has now strengthened, and the RBA meets on Tuesday. Three in a row? I’d say unlikely, but another one before year’s end remains a chance.
Monetary policy aside, locally the earnings season begins in earnest next week as the number of reporting companies begins to ramp up. Commonwealth Bank ((CBA)), Suncorp ((SUN)), Transurban ((TCL)), AGL Energy ((AGL)), AMP ((AMP)), and Insurance Australia Group ((IAG)) are just some of the names on next week’s calendar.
Economically, we’ll see numbers for job ads, trade and housing finance.
China will also release trade numbers, as well as inflation data.
Monday is services PMI day across the globe. Monday is also a bank holiday in NSW. The ASX is open but a lot of market participants will be missing.
It’s a quiet week for US data, until Friday when the PPI and industrial production numbers are due.
We might also note that Rio Tinto ((RIO)) goes ex-dividend next week, reminding us that as the earnings results flow, the ex-divs track along behind.
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CHARTS
For more info SHARE ANALYSIS: AGL - AGL ENERGY LIMITED
For more info SHARE ANALYSIS: AMP - AMP LIMITED
For more info SHARE ANALYSIS: CBA - COMMONWEALTH BANK OF AUSTRALIA
For more info SHARE ANALYSIS: IAG - INSURANCE AUSTRALIA GROUP LIMITED
For more info SHARE ANALYSIS: RIO - RIO TINTO LIMITED
For more info SHARE ANALYSIS: SUN - SUNCORP GROUP LIMITED
For more info SHARE ANALYSIS: TCL - TRANSURBAN GROUP LIMITED