Weekly Reports | Aug 28 2020
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
Monday is the last day of the month and thus, mercifully, the last day of result season. Brokers will nevertheless still be catching up with the heavy workload of result responses, possibly through to the end of the week.
We now enter a corporate news vacuum until the AGM season begins to ramp up in October. The highlight in September will be the flood of stocks going ex-dividend. Note that seasonally, September is the worst month of the year for stock markets, on average, and October is the scariest.
But we live in interesting times.
Economically, the highlight of next week will be Australia’s June quarter GDP result. Josh is already hiding behind the couch, but this week’s quarterly component results have surprised to the upside (from very low expectations). Before Wednesday’s big reveal we’ll see more component results in the form of corporate profits, and inventories, and the current account.
On a monthly basis, we’ll see data for private sector credit, building approvals and house prices. Tuesday is manufacturing PMI day across the globe followed by service PMIs on Thursday. China reports both on Monday.
The RBA meets on Tuesday.
Aside from PMIs and factory orders data, the highlight in the US next week will be August private sector jobs and non-farm payrolls, or more specifically, unemployment.
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