The Week Ahead

Results from ANZ Bank and Macquarie will be in the spotlight, while the US Fed's policy meeting is on tap.

The local focus will be on banks this week, with ANZ and Macquarie set to report earnings, while retail sales figures from Wesfarmers will also be keenly watched.

Private surveys will offer insights into the health of the property and manufacturing sectors, while official data on imports and exports will print. Rio Tinto iron ore boss Andrew Harding and Deputy Prime Minister Warren Truss are also set to deliver speeches.

Offshore, the United States Federal Reserve will decide whether to continue reducing the scale of its quantitative easing program, with investors around the world set to pore over every word the central bank utters. GDP and unemployment data are also scheduled.

Reserve Bank

The Reserve Bank of Australia has a low-key week coming up.

On Wednesday, the central bank is due to release its private sector credit data.

Local news

Private surveys with insights into the local manufacturing sector and property market will be of interest this week.

On Thursday, the Australian Bureau of Statistics will publish March quarter imports and exports data.

The Australian Industry Group will release its April performance of manufacturing index and the RPData/Rismark house price index for the same month is scheduled.

On Friday, HIA new home sales figures for March are expected.

Corporate

Bank earnings will take the spotlight this week, with all eyes on ANZ and Macquarie, while retail sales figures from Wesfarmers will also attract attention.

Panaust will release its first-quarter production report, while third-quarter production reports are scheduled for Whitehaven Coal and Beach Energy.

On Wednesday, Woodside Petroleum will hold its annual general meeting and Origin will publish its third-quarter production report.

On Thursday, ANZ Banking Group will release its first-half results.

On Friday, Macquarie Group will publish its full-year results, while Aurora Oil and Gas will disclose its first-quarter earnings.

Overseas

The United States Federal Reserve will be in focus this week as it announces whether it will continue to reduce its bond-buying program. GDP and unemployment data will also be key, while earnings season continues in the US.

On Sunday, in China, March industrial profits figures are expected.

On Tuesday, in the United States, March pending home sales are tipped to rise by 0.6 per cent in the month, while the April Dallas Fed manufacturing activity survey is due out.

In the United Kingdom, first-quarter gross domestic product data will print.

On Wednesday, in Japan, the Bank of Japan will hold its meeting.

In the US, the April consumer confidence index and the S&P/Case-Shiller home price index for February will be released.

On Thursday, the US Federal Reserve will reveal whether it will continue to taper its quantitative easing program, as expected, and will announce its rate decision, with no change to the low interest rate of 0.25 per cent forecast. Chair Janet Yellen will speak at the conclusion of the meeting.

Advance first-quarter gross domestic product data is expected, while weekly mortgage applications numbers are due.

In China, April manufacturing purchasing managers’ index data is due.

On Friday, March personal income and spending numbers are expected, as is the April final manufacturing PMI figure.

Other data drops due include weekly jobless claims numbers, March construction spending, April domestic vehicle sales and the Bloomberg consumer comfort survey.

Late Friday, official April unemployment data will be released, with the change in nonfarm payrolls expected to lift to 204,000 and the unemployment rate tipped to fall to 6.6 per cent.

On Saturday, in China, April non-manufacturing PMI data is expected.

Wrapping up

Locally, key speakers include Deputy Prime Minister Warren Truss and Rio Tinto iron ore boss Andrew Harding, while offshore, US Federal Reserve chair Janet Yellen’s words will be closely scrutinised.

On Tuesday, in Melbourne, HSBC Bank Australia chairman Graham Bradley will speak at a lunch hosted by the Australian Institute of Company Directors.

On Wednesday, in Canberra, Deputy Prime Minister Warren Truss will speak at the National Press Club.

In Melbourne, Bendigo and Adelaide Bank managing director Mike Hirst will speak at a lunch hosted by the American Chamber of Commerce in Australia.

In Sydney, Westpac chief economist Bill Evans will speak at a lunch hosted by the Committee for Economic Development of Australia.

In Perth, Chevron managing director Roy Krzywosinski and Rio Tinto chief executive for iron ore Andrew Harding will be honoured at an AmCham dinner.

On Thursday, in Perth, Roy Hill chief executive officer Barry Fitzgerald will speak at a CEDA lunch.

In Melbourne, Kevin Andrews will speak at an AmCham lunch.

In Darwin, CommSec economist Savanth Sebastian will speak at an AICD breakfast.

In Sydney, Parliamentary Secretary to the Communications Minister, Paul Fletcher will speak at an AmCham lunch.