Next Week At A Glance
US numbers for CPI, retail sales and industrial production are due tonight and three major investment banks report June quarter earnings. As next week progresses, earnings reports from more banks along with Dow stocks such as Johnson& Johnson and Microsoft will be in focus before the season ramps up in earnest the following week.
There is still plenty going on elsewhere, nonetheless.
On Monday, China will provide its monthly data drop of industrial production, retail sales and fixed asset investment numbers but most importantly, June quarter GDP.
In the wake of hawkish comments made by Mario Draghi at a forum recently, which were then quickly watered down by other ECB officials, Thursday night’s ECB policy meeting will be a highlight. The Bank of Japan also meets but no change is expected.
Next week’s US data releases include housing sentiment and starts and the Empire State and Philly Fed activity reports.
In Australia, the minutes of the July RBA meeting are due on Tuesday and June jobs numbers on Thursday.
The focus for the local stock market next week will be on resource sector June quarter production & sales reports. Featuring next week are BHP ((BHP)), Rio Tinto ((RIO)), South32 ((S32)), Evolution Mining ((EVN)), Oil Search ((OSH)), Santos ((STO)) and Woodside Petroleum ((WPL)), among others.
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