Scoreboard: Earnings radar

The local market is tipped to start the week stronger but investors will have their eyes set on key earnings reports due later in the week, while lending finance data will be in focus.

In US economic data, labour costs rose at a 0.6 per cent annual rate in the June quarter while productivity rose by 2.5 per cent. Economists had tipped a 1.4 per cent lift in labour costs and 1.5 per cent rise in productivity. Wholesale inventories rose by 0.3 per cent in June with sales up 0.2 per cent, both short of forecasts.

In Chinese economic data, producer prices fell 0.9 per cent over the year to July, while consumer prices rose by 2.3 per cent, both as expected.

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