Next Week At A Glance
Next week is a big one in geopolitics and financial markets.
Australia heads into the long weekend as the G7 leaders meet in Canada, where trade tariffs and Iranian sanctions will be sources of heated debate. Trump’s unilateral actions have led to the group now being referred to as the G6+1.
On Tuesday, Trump and Kim Jong-un meet in Singapore to discuss whether Trump will indeed win the Nobel Peace Prize he so covets.
There will also be an important Brexit-related vote in the UK parliament.
On Wednesday the Fed releases its latest policy statement – a rate rise is expected – and Jerome Powell holds a press conference.
On Thursday the ECB meets to discuss, as has been flagged, an exit from QE.
On Friday it’s the Bank of Japan’s turn.
On Thursday, China releases its May data for industrial production, retail sales and fixed asset investment.
Amidst all else, the US will see numbers for inflation, retail sales, industrial production, consumer sentiment and the Empire State index. Friday it’s the quadruple witching equity derivatives expiry.
Downunder, following Monday’s holiday, we’ll see housing finance, the NAB business and Westpac consumer confidence surveys and the May jobs numbers.
On the local stock front, REA Group ((REA)) holds its AGM, Challenger ((CGF)), Link Administration ((LNK)) and Goodman Group ((GMG)) host investor days, and on Friday the changes to the S&P/ASX indices become effective.
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