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The Week Ahead

BHP Billiton, Newcrest and Transurban will make company headlines, while investors await local inflation data and the Reserve Bank's annual report.
By · 18 Oct 2013
By ·
18 Oct 2013
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Company news will dominate the week with BHP Billiton and Oil Search both scheduled to release quarterly production reports.

A slew of annual general meetings from the likes of Newcrest, Transurban and Southern Cross Media will also garner interest.

On the domestic front, the latest read on inflation out of the ABS will be the biggest data event of the week, though the release of the Reserve Bank of Australia’s annual report will also be noteworthy.

Offshore, key housing indicators out of the US and China will be of interest, while a potential backlog of data held back by the government shutdown in America should give investors plenty to digest.

Reserve Bank

It will be an interesting week for the Australian central bank with two releases outside of the Reserve Bank’s usual information cycle set to be unveiled.

On Wednesday, the Reserve will release its annual report for 2013.

Elsewhere, deputy governor Philip Lowe will address the CFA Melbourne Institute's Annual Investment Conference in Melbourne.

Local

Meanwhile, it's a quieter week on the local front, though the latest read on inflation will be of great interest to investors.

On Monday, the HIA-RP Data land report for the June quarter will offer an insight into the nation’s residential land market.

Wednesday will deliver the latest read on inflation in Australia with the Australian Bureau of Statistics releasing the third-quarter consumer price index. Economists expect prices may have lifted by 0.8 per cent in the quarter.

Elsewhere, the Department of Workplace Relations will unveil its skilled vacancies index for September.

Corporate

An extraordinarily busy week lies ahead for company news, with companies including of Newcrest and AGL Holdings convening their AGMs and BHP Billiton and Oil Search set to unveil quarterly production reports.

Monday will see Wotif.com convene its annual general meeting in Brisbane.

On Tuesday, BHP Billiton and Oil Search will provide quarterly production updates.

Elsewhere, Southern Cross Media will hold its AGM in Melbourne, Brambles will hold its AGM in Sydney and Bega Cheese will hold its in Kalaru.

A quartet of AGMs of Wednesday; AGL Energy and Service Stream in Melbourne, Treasury Wine in Adelaide, and Origin Energy in Sydney.

Thursday also delivers a slew of annual general meetings; Amcor, Newcrest and Toll Holdings in Melbourne, Forge in Perth and Pacific Brands in Abbotsford.

On Friday, Carsales holds its AGM in Melbourne, while Transfield does the same in Sydney.

Offshore

A busy week in overseas news, with some key reads on hosuing indicators due out of the US and China.

On Tuesday, the index of September property prices will be released out of China, as will the Conference Board of China leading economic index.

Elsewhere, existing home sales for September will be released in the US, with Bloomberg tipping a 2.4 per cent decline in the month.

Wednesday delivers the Richmond Fed manufacturing index in the US.

Elsewhere, the Bank of England will release the minutes of its most recent meeting, while the October read of EU consumer confidence will be unveiled.

Thursday delivers the HSBC/Markit flash manufacturing PMI out of China.

Friday brings with it new home sales for September from the US, with economists tipping little change in the month.

Elsewhere, the preliminary Markit PMI for the US in October is released, as is the Bloomberg consumer comfort survey.

Later on Friday, the US durable goods orders for September will be released with economists expecting a modest 0.5 per cent increase in underlying orders.

*Note: A backlog of US data that has not been released due to the government shutdown will also likely be released during the week.

Wrapping up

Tuesday will see Erica Smyth, chairman of Toro Energy, take part in an Australian Institute of Company Directors leader’s edge luncheon in Kalgoorlie.

On Wednesday, federal director of the Liberal Party of Australia Brian Loughnane will address the National Press Club of Australia in Canberra.

Elsewhere, managing director of IBM Australia and New Zealand Andrew Stevens will take part in a Committee for the Economic Development of Australia event entitled ‘Responding to the Digital Era’.

On Thursday, former leader of the Liberal Party Dr Brendan Nelson will address an Australian Institute of Company Directors fellows luncheon in Perth.

Friday will see Mark Adamson, the chief executive officer of Fletcher Building address a Trans-Tasman Business Circle event in Sydney.

In Melbourne, chief executive officer of Fairfax Media Greg Hywood will address an American Chamber of Commerce in Australia business briefing.

In Adelaide, the American Chamber of Commerce in Australia will convene an Internode Business luncheon entitled ‘SA’s unconventional hydrocarbons’ with Cooper Energy managing director David Maxwell and Strike Energy managing director David Wrench set to address the event.

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