As stock markets here and in the US hover just under recent highs, awaiting the next trade war headline, next week will be dominated by monetary policy.
On Tuesday we see the minutes of the June RBA meeting, which may or may not inform speculation as to just how many cuts the board might find necessary. The RBA governor speaks on Thursday.
On Thursday morning we’ll have a highly anticipated Fed statement, which may or may not add more colour to recent hints about a rate cut possibly being needed.
On Thursday the Banks of Japan and England both hold policy meetings.
US data releases next week include housing sentiment and starts, existing home sales, and a flash estimate of June manufacturing PMI.
Australia, Japan and the eurozone will also flash.
New Zealand will release its March quarter GDP result.
The only major local economic release next week is March quarter house prices, which are old news.
Thursday brings a quarterly expiry of ASX derivatives, which often leads to non-fundamental volatility. Friday sees the rebalance of S&P/ASX indices take effect, although the market will have already responded to those changes which are announced today.
Coles ((COL)), Link Administration ((LNK)) and Goodman Group ((GMG)) all host investor days next week, while CYBG ((CYB)) hosts a capital markets day.
