Weekly Reports | Aug 06 2021
This story features COMMONWEALTH BANK OF AUSTRALIA, and other companies. For more info SHARE ANALYSIS: CBA
The company is included in ASX20, ASX50, ASX100, ASX200, ASX300 and ALL-ORDS
For a more comprehensive preview of next week's events, please refer to "The Monday Report", published each Monday morning. For all economic data release dates, ex-div dates and times and other relevant information, please refer to the FNArena Calendar.
By Greg Peel
The US earnings season has now passed its peak in terms of number of companies reporting but results will continue to flow as the season slowly tails out.
By contrast, the local earnings season moves into second gear next week.
We’re now at the point where there are too many reporting companies to highlight (see FNArena calendar) but we should note Commonwealth Bank ((CBA)) reports on Wednesday and ANZ Bank ((ANZ)) leads out the other three with a quarterly update on Thursday. For CBA, and for Westpac ((WBC)) the following week, dividend/buyback announcements are anticipated (though Westpac might wait until September).
Economically we’ll see the NAB business and Westpac consumer confidence reports next week, along with a set of June jobs numbers that pre-date the new lockdowns.
Hang on to your hats, it’s inflation week again in the US, with July CPI and PPI data due.
China will also update on inflation.
Japan is closed on Monday.
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CHARTS
For more info SHARE ANALYSIS: ANZ - ANZ GROUP HOLDINGS LIMITED
For more info SHARE ANALYSIS: CBA - COMMONWEALTH BANK OF AUSTRALIA
For more info SHARE ANALYSIS: WBC - WESTPAC BANKING CORPORATION