Weekly Reports | Aug 23 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 local earnings season rolls on throughout next week although we've now passed the peak in number of companies reporting daily. Forecast misses continue to well outpace beats, so unless there's a solid late swing August 2019 continues to shape up as the worst season FNArena has recorded.
Macro volatility is otherwise dominating proceedings at the index level, and little relief can be expected in the near term. All focus tonight will be on the Fed chair's speech at Jackson Hole, and that of any other central banker attending.
When we move in September, trade talks are back in the frame.
There are some important US data releases to consider next week ahead of the Fed's September meeting, including durable goods, consumer confidence, the Fed's preferred PCE inflation measure and a revision of June quarter GDP.
China releases its August PMIs on Friday.
UK markets are closed on Monday night.
Australia's primary result release next week will be June quarter GDP component construction work done.
Note also that as the result releases begin to tail off, ex-dividends continue to ramp up.
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