Next Week At A Glance – 9-13 May 2022

Weekly Reports | May 06 2022

This story features WESTPAC BANKING CORPORATION, and other companies. For more info SHARE ANALYSIS: WBC

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

With Wall Street potentially poised to break down from its 2022 range, tonight’s US jobs numbers will be interesting, and potentially interpreted in either direction.

A good number suggests a solid economy, lower chance of recession, but also possible greater resolve from the Fed. A bad number could suggest a recession signal, but possibly an easing off of the Fed’s aggressive stance.

Or maybe it’s still too early in the games to draw any conclusions.

More critical will be next week’s US inflation numbers. If the April CPI, due Wednesday, is lower than March at either the headline or core rate, talk of peak inflation having passed will ring true, and Wall Street may rally hard as a result. And vice versa. There’s also the PPI on Thursday.

The US also sees another consumer sentiment reading next week.

China will also see inflation numbers, and trade data.

Locally, the NAB business and Westpac consumer confidence surveys will be in focus.

Next week sees an ongoing run of off-season earnings reports, beginning with Westpac ((WBC)) on Monday and CSR ((CSR)), Pendal Group ((PDL)), GrainCorp ((GNC)), Orica ((ORI)) and Xero ((XRO)) though the week.

Commonwealth Bank ((CBA)) provides its quarterly numbers on Thursday.

AGMs will be held by Atlas Arteria ((ALX)), GPT Group ((GPT)), Ampol ((ALD)), Tabcorp Holdings ((TAH)) and Waypoint REIT ((WPR)).

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CHARTS

ALD ALX CBA CSR GNC GPT ORI PDL TAH WBC WPR XRO

For more info SHARE ANALYSIS: ALD - AMPOL LIMITED

For more info SHARE ANALYSIS: ALX - ATLAS ARTERIA

For more info SHARE ANALYSIS: CBA - COMMONWEALTH BANK OF AUSTRALIA

For more info SHARE ANALYSIS: CSR - CSR LIMITED

For more info SHARE ANALYSIS: GNC - GRAINCORP LIMITED

For more info SHARE ANALYSIS: GPT - GPT GROUP

For more info SHARE ANALYSIS: ORI - ORICA LIMITED

For more info SHARE ANALYSIS: PDL - PENDAL GROUP LIMITED

For more info SHARE ANALYSIS: TAH - TABCORP HOLDINGS LIMITED

For more info SHARE ANALYSIS: WBC - WESTPAC BANKING CORPORATION

For more info SHARE ANALYSIS: WPR - WAYPOINT REIT LIMITED

For more info SHARE ANALYSIS: XRO - XERO LIMITED