Weekly Reports | May 22 2020
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
Markets in both the US and UK are closed on Monday night for Memorial Day and a bank holiday respectively.
Next week Australia will see March quarter data for construction work done and private sector capex, ahead of the GDP release the following week. Neither will be particularly informative, and given the capex data include a survey of capex intentions for FY21, misleading if taken at face value, depending on at what point in March the survey was conducted.
The June quarter is currently all that matters, and we won’t see those numbers until August-September, by which point they, too will (hopefully) not reflect the September quarter situation.
The US will next week see numbers for consumer confidence, durable goods orders, retail sales and PCE inflation, along with the Fed Beige Book. The US March quarter GDP will be revised, but again will mean little.
Brambles ((BXB)) hosts a series of investor days.
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