Well, where to go first for guidance in the coming week?
In Australia we’ve the much talked about Reserve Bank board meeting and interest rate decision, plus jobs data for last month and a few other reports (See top report).
In America, jobs numbers for September, plus a lot of other data, will be released, along with an appearance by fed chairman, Ben Bernanke.
We also have interest rate policy meetings of the Bank of Japan, Bank of England the European Central Bank.
And we will also get speeches from two senior RBA officials after the board decision today on rates.
RBA deputy governor Ric Battellino and financial stability department head Luci Ellis, both are due to speak later in the week and markets will be looking to them for more on what Governor Glenn Stevens says in the statement that will accompany today’s decision.
Most economists expect rates to rise with the cash rate going to 4.75% and some banks may lift rates by 0.25% to 0.40% to try and maintain their profit margins.
On top of this we have September job ads data from the ANZ later today, the monthly jobs and unemployment rate from the ABS on Thursday, the NAB’s business survey (today) and the trade figures for August (on Thursday), as well as retail sales later today. A very full card for the economy this week.
Dr Oliver says the AMP is looking for further gains in employment in September.
"We expect employment to rise by 20,000 and unemployment to fall to 5%, he wrote on Friday.
Company meetings include Djerriwarrh Investments, Milton Corp, AJ Lucas Group and Kuth Energy, Newport Mining, Commsecure and Dourado Resources, Finders Resources, Energy Ventures and Somerton Energy, Gold Anomaly, Newland Resources and Western Areas.
Speeches are due from Telstra chief executive David Thodey, ANZ Banking Group chief executive officer Mike Smith, former BHP Billiton chairman Don Argus, Metcash chief executive officer Andrew Reitzer and Qantas chief executive officer Alan Joyce.
With the Bank of Japan, European Central Bank and Bank of England all meeting interest rates are likely to remain on hold, but quite a few analysts expect the Japanese central bank to reveal more about its plans for extra spending to help the economy.
In the US, the focus will be on non-farm payroll employment data for September.
Total payrolls are likely to be flat reflecting continued layoffs of temporary census workers and government employees, but forecasts are for a rise of around 90,000 in private payrolls.
Data for pending home sales and the monthly survey on the health of the huge US services sector will also be released.
The ISM non-manufacturing survey will also be released, along with factory orders.
Alcoa kicks off the third quarter earnings season when it reports on Thursday.
Other companies releasing results next week include Yum Brands, Costco Wholesale, Monsanto, Micron Technology and PepsiCo.
Reuters Thomson reckons third-quarter earnings for the S&P 500 are forecast to grow by 23.8%, down from the 25.6% predicted at the beginning of July.
In Europe, the UK consumer confidence data for September is set for release, as well as EU Retail Sales data.
EU Gross Domestic Product (GDP) data for the second quarter is also due, along with a private estimate for GDP in September is due, along with industrial production and manufacturing production figures for August. The September Producer Price Index is also due for release.
