Next Week At A Glance
From a fiscal perspective, presumably we will shortly be learning some specific details regarding Trump’s ever-evolving tariff plans, and thus whether or not the world is set to slide into a destructive trade war. It appears that won’t have to be the case, but the battle will be on with China at the very least.
From a monetary perspective, tonight brings the US non-farm payrolls report for February, which includes data on wage price inflation. We recall that a slight spike in the January number was worth a -10% correction for the S&P500, albeit exacerbated by short volatility derivatives.
Next week brings the US CPI.
US data releases next week also include retail sales, industrial production, housing sentiment, housing starts, consumer sentiment and the Empire State and Philly Fed indices. Friday sees the “quadruple witching” expiry of equity derivatives.
China will release February industrial production, retail sales and fixed asset investment numbers on Wednesday.
New Zealand posts its December quarter GDP result on Thursday.
In Australia we’ll see housing finance numbers and the NAB business confidence survey.
It will be a disruptive week for the local stock market, all things being equal.
The ex-dividends will continue to flow thick and fast. Thursday brings the quarterly expiry of futures and index options, which, as with US quadruple witching, can cause non sentiment-related volatility. On Friday the recent changes announced to S&P/ASX index components become effective.
Sino Gas & Energy ((SHE) will post its earnings result on Tuesday and Brambles ((BXB) will host an investor day on Wednesday.
FN Arena is building the future of financial news reporting at www.fnarena.com. Our daily news reports can be trialed at no cost and with no obligations. Simply sign up & get a feel for what we are trying to achieve.
The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.