The Week Ahead

Reads on business confidence and housing finance will headline an otherwise quiet week for domestic news, although AGMs from Mirvac and Fortescue will also be of interest.

It's set to be a quieter week on the domestic front, with an even mix of official and private data headlined by the NAB survey of business confidence and conditions and the September read on housing finance.

On the corporate front, it’s all about AGMs with the likes of Mirvac, Asciano and Fortescue set to be among the most closely watched.

An address from Reserve Bank executive Chris Aylmer will also be of interest.


The week will be relatively quiet for the central bank, following the Cup Day decision to leave the cash rate steady at a record low 2.5 per cent.

On Monday, head of domestic markets Chris Aylmer will give a speech to the Australian Securitisation conference in Sydney about developments in secured issuance and RBA reporting initiatives.

On Friday, the central bank will hold its Payments System Board meeting.


On Monday, the ABS will release housing finance data for September with economists expecting a 4.3 per cent lift.

Tuesday delivers the NAB survey of business confidence and conditions for October, as well as lending finance numbers for September.

On Wednesday, Westpac will unveil its survey of business sentiment.

Meanwhile, the ABS will release its wage price index for the third quarter, with economists tipping annualised growth of 3 per cent, as well as new motor vehicle sales for October, with a 1 to 2 per cent seasonally adjusted fall expected.


AGM season continues this week, while a number of banks have their record dates.

On Monday, Orica reports its full-year results, while NRW Holdings and CSG have their annual general meetings.

On Tuesday, Incitec Pivot reports its full-year results and Leighton has its quarterly production date.

Meanwhile, BC Iron, Asciano Group and Charter Hall Group have annual general meetings.

On Wednesday, CSR will release its first-half figures, while Fortescue Metals Group, Aurizon Holdings, Seven West Media and Mount Gibson Iron will hold annual general meetings.

It’s also the record date for ANZ Bank, Bank of Queensland and NAB.

On Thursday, Bluescope Steel, Mirvac Group, Ramsay Health Care and Resmed will hold annual general meetings, while Westpac has its record date.

On Friday, Lend Lease Corporation and Perseus Mining will have their annual general meetings, while Macquarie Group has its record date.


The offshore data flow is set to be subdued in the week, with only a handful of releases due from the US and no news of note from China.

On Thursday, the federal budget statement for October will be released.

On Friday, the US will unveil its trade balance read for September, with analysts tipping a deficit of $US39 billion.

The Bloomberg consumer comfort survey will also be released, as will productivity and labour costs data.

Late on Friday, October industrial production data will print, with economists forecasting a 0.2 per cent lift, and manufacturing production data will also be unveiled.

The empire manufacturing index for November will be released, with Bloomberg analysts expecting a print of 4.50, while wholesale inventories for September will be unveiled, with a 0.4 per cent lift expected.

Wrapping up

Tuesday will see Brian Hartzer, chief executive of Australian Financial Services with the Westpac Group, address a Trans-Tasman Business Circle event in Sydney.

Meanwhile in Melbourne, US Federal Reserve Bank of Dallas President Richard Fisher will address a Committee for Economic Development of Australia event.

On Wednesday, Wesfarmers director Diane Smith-Gander will take part in an Australian Institute of Company Directors Leaders’ Edge lunch in Albany, Western Australia.

In Townsville, former Australian Cricket Team coach John Buchanan will be the guest of honour at an AICD end of year dinner.

On Thursday, best-selling author of The 4-hour Work Week Tim Ferriss will address a special American Chmaber of Commerce in Australia event in Sydney.

In Adelaide, founder and chairman of the Maras Group Theo Maras will address an American Chamber of Commerce in Australia event.

In Perth, chairman of Emerchants Limited Bob Browning will deliver a business briefing for the American Chamber of Commerce in Australia.

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