The Week Ahead

Chinese GDP and Reserve Bank minutes will headline the coming week, while NAB's quarterly business survey and Westpac's leading index are on tap.

The Reserve Bank of Australia’s most recent minutes will be keenly watched in this four-day week, as will a speech from the central bank’s assistant governor. The local news flow also includes the NAB quarterly business survey, official new car sales numbers and the Westpac leading index.

The head of Santos and the boss of the Transport Workers Union will deliver speeches of note, but corporate news is otherwise set to be light.

Offshore, the Chinese GDP read will be of interest. In the United States, several companies are set to release quarterly earnings, while the Fed will publish its Beige Book and official CPI and housing data will be on the wires.

Reserve Bank

The language of the Reserve Bank of Australia’s latest meeting minutes will be closely watched this month for signs of any deviation from its neutral bias.

On Tuesday, the central bank will publish its April board meeting minutes.

In Canberra, assistant governor for financial markets Guy Debelle will give a speech about the Australian bond market to an Economic Society of Australia lunch.

Local news

The NAB quarterly business survey, official new car sales numbers and the Westpac leading index will be of interest this week.

On Wednesday, the Westpac leading index for March is due out, while Bloomberg will release its April economic survey and fourth-quarter building activity and construction activity figures are expected.

On Thursday, the Australian Bureau of Statistics will disclose new car sales data for March, while NAB will unveil its business confidence survey for the first quarter.

On Friday, the sharemarket will be closed for the Good Friday public holiday.

Corporate

Corporate news flow is scheduled to be light this week.

On Tuesday, Macquarie Atlas Roads Group will hold its annual general meeting.

On Wednesday, Pharmaxis will release its earnings

Overseas

Company reporting season is underway in the United States this week, while the Fed will publish its Beige Book and official CPI and housing data will print. In China, GDP numbers will be closely watched.

On Tuesday, in the United States, March retail sales are tipped to rise by 0.8 per cent, while February business inventories are forecast to lift by 0.5 per cent.

On Wednesday, in the United States, the April Empire Manufacturing survey is scheduled, while CPI for March is tipped to rise by 0.1 per cent.

In China, several data drops are expected. March retail sales are tipped to rise 11.9 per cent for the year to date, industrial production is expected to rise 8.7 per cent for the year to date and GDP data is forecast to rise 7.3 per cent in the year to date.

On Thursday, in the United States, the Federal Reserve will release its Beige Book.

March housing starts are expected to rise by 6.7 per cent, while building permits for the same month are tipped to fall by 1.9 per cent and industrial production is forecast to lift by 0.5 per cent.

On Friday, weekly jobless claims and the Bloomberg consumer comfort survey are due, as is the Philadelphia Federal Reserve business outlook.

Wrapping up

Speakers to watch this week include the head of Santos and the boss of the Transport Workers Union.

On Monday, in Adelaide, Santos chief executive officer David Knox will speak at a lunch hosted by the Committee for Economic Development of Australia.

On Tuesday, in Perth, Westpac head of agriculture Chris Moore will speak at a lunch of the Australian Institute of Company Directors.

Also in Perth, Minerals Research Institute of WA chief executive officer Mark Woffenden will speak at an American Chamber of Commerce in Australia lunch.

In Canberra, former SBS chairman Joseph Skrzynski will speak at the National Press Club.

On Wednesday, in Canberra, Transport Workers Union national secretary Tony Sheldon will speak at the National Press Club.

Related Articles