##{"id":50902,"date":"2016-11-25T10:31:05","date_gmt":"2016-11-24T23:31:05","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2016\/11\/25\/next-week-at-a-glance-44\/"},"modified":"2016-11-25T10:31:05","modified_gmt":"2016-11-24T23:31:05","slug":"next-week-at-a-glance-44","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2016\/11\/25\/next-week-at-a-glance-44\/","title":{"rendered":"Next Week At A Glance"},"content":{"rendered":"

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 <\/em>FNArena Calendar<\/a>.<\/em><\/p>\n

Wall Street will return from the Thanksgiving holiday tonight for a half-day, half-hearted session. Few will actually return.<\/p>\n

Most will return on Monday for a week packed with US economic releases, including house prices, pending home sales, chain store sales, vehicle sales, consumer confidence, personal income & spending, construction spending, the Chicago PMI, manufacturing PMI and the Fed Beige Book.<\/p>\n

Does data matter at all to the Fed anymore, vis a vis the assumed December rate hike?<\/p>\n

Next week also sees the once important jobs numbers, and a revision of the first estimate of September quarter GDP.<\/p>\n

The big event next week will nevertheless be the OPEC meeting in Vienna on Wednesday. Oil prices appear now to have entered a calm before the production freeze yes\/no storm. The current WTI price around US$48\/bbl is pricing in optimism, therefore suggesting upside to not much more than 50. Downside will be more pronounced if no agreement is reached.<\/p>\n

Thursday is the first of the month which means manufacturing PMIs from across the globe, and also the services PMI from China.<\/p>\n

Aside from the PMI, Australia will see building approvals, private sector credit and retail sales, along with the September quarter private sector capex numbers.<\/p>\n

There’s a mad rush next week for most Australian companies to get their AGMs over and done with before December, although a few stragglers wait until later. There’s also a raft of off-cycle earnings reports due next week, including those of ALS ((ALQ)), Aristocrat Leisure ((ALL)), SAI Global ((SAI)) and SMS Management & Technology ((SMX)).
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Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"