InvestSMART

THE WEEK AHEAD

The pace of local data picks up once more, but it will play second fiddle to US GDP and consumer sentiment figures.
By · 23 Sep 2011
By ·
23 Sep 2011
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The week ahead brings a host of important economic indicators, with both local and international data set to grab the attention of the market.

In local news, new home sales, jobs vacancies and private sector credit figures are due.

Overseas, US gross domestic product data for the second quarter is set for release, along with consumer sentiment figures and jobless claims. UK second quarter GDP is also due.

In corporate news, Nufarm and Paladin Energy will all report earnings, while BHP Billiton is due to pay its final dividend. Meanwhile, Australia Pacific LNG CEO Page Maxson will speak at a corporate function in Adelaide.

Local news

The local calendar comes back to life this week, after a recent quiet period.

Wednesday brings new home sales data from the Housing Industry Association.

On Thursday, job vacancies for August will be published by the Australian Bureau of Statistics. First quarter population growth data is also due.

On Friday, RP Data-Rismark house price data for August will be on tap.

Elsewhere, private sector credit data for August is set for release by the ABS, with analysts tipping a 0.2 per cent rise in the month. Second quarter financial accounts are also due.

Corporate

The week in corporate news kicks off with Gulf Resources holding an extraordinary general meeting on Monday.

Tuesday sees Nufarm release full-year financial results.

Full-year figures from Aston Resources are also due.

On Thursday, BHP Billiton is due to pay its full-year dividend to shareholders, while Friday brings full-year results from Paladin Energy and Sundance Resources.

Offshore

Overseas, Monday sees new home sales data for August released in the US.

On Tuesday, July US consumer confidence data will be released, along with the S&P Case-Shiller home price index. Economists are expecting the index to show home prices rose 0.1 per cent in July. The Richmond Federal Reserve manufacturing index for September will also be published.

Wednesday brings US durable goods orders figures for August, along with the weekly Energy Information Administration petroleum status report. Goods orders are tipped to have fallen by 1 per cent in the month. Weekly MBA mortgage applications are also due.

On Thursday, US gross domestic product data for the second quarter is due, along with jobless claims data and the pending home sales index for August. Experts are tipping growth in the US to have lifted by 1.2 per cent.

Elsewhere, in the UK, August M4 money supply data is due, along with consumer credit figures for the month.

Friday will bring the Chicago purchasing managers index for September in the US, along with personal income and outlays data and consumer sentiment figures. Economists believe personal spending may have risen by 0.2 per cent. The Reuters/Michigan consumer sentiment index for September rounds out a big week in the US.

In Europe, second quarter gross domestic product data is due in the UK, along with total business investment figures for the quarter. September nationwide housing prices data is also due in the UK.

Wrapping up

Rounding off the week, Tuesday sees Commonwealth Bank of Australia group executive Ian Saines and AGL non-executive director Sandra McPhee address an Australian Institute of Company Directors function in Sydney.

On Friday, the CEO of Australia Pacific LNG, Page Maxson, will speak at an American Chamber of Commerce in Australia function in Adelaide.

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Shane White
Shane White
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