The Reserve Bank won’t touch rates tomorrow.
Nor will the European Central Bank or the Bank of England which also hold interest rate meetings later this week.
Worries about Europe’s woes, uncertainty about China’s growth and fears for the strength of America’s recovery, will keep official rates unchanged here at 4.5%.
Australian employment and the jobless rate are due on Thursday.
The ANZ job ads survey and the Seek internet job ads report are both out today.
Trade figures for May are out midweek and another improvement in the surplus is expected thanks to higher iron ore and coal prices.
The monthly TD Securities/Melbourne Institute inflation figures for June will be released.
The trade figures are out Tuesday from the Australian Bureau of Statistics, but the major release will be Thursday’s labour force data for June, with economists expecting a 20,000 rise in employment.
Local car sales figures for June will be out today or tomorrow; they didn’t make it Friday.
In the corporate area, no results, but a number of meetings.
CSR shareholders meet on Thursday in Sydney. The company is still talking to China’s Bright Food Group about a possible sale of its sugar and ethanol arm, Sucrogen, for around $1.65 billion.
That cash bid has been made, according to media reports in Monday morning’s papers, so the meeting should have something certain to discuss.
Also on Thursday, Orica shareholders vote on the $1 billion demerger of its DuluxGroup paint and consumer products business.
Overseas it’s a holiday in the US tonight, so no lead from Wall Street until tomorrow night.
We will also get the ECB and Bank of England meetings, and the ECB has another three month liquidity pool auction midweek for eurozone banks.
The EU will release retail sales figures for May tonight, Wednesday in the US the ISM non-manufacturing survey for June is out (with similar ISMs for service sectors in other major economies).
We will also see US consumer credit figures from the Fed for May on Wednesday and same store sales from a number of major retailers the same day (but not Wal-Mart).
Discount retailer, Family Dollar Stores Inc, is due to report quarterly results on Wednesday, the only S&P 500 company to report next week.
It will actually give us a look at the state of health of the low cost retailing segment in the US.
The third-quarter earnings reporting season begins in earnest with aluminium producer, Alcoa, a week tonight July 12.
Friday sees wholesale inventories for June, and also on Friday Canada releases its unemployment rate for June.
Germany and Austria will hold government bond auctions on Tuesday and Wednesday: both will test the health of sentiment about sovereign debt and the eurozone’s banks, especially Austria where banks are exposed to the weakening Hungarian economy.
And Japan holds an important upper house election on Sunday that will be a test of the popularity of new Prime Minister, Naoto Kan and his policies for attacking the country’s huge debt and other economic woes.
