THE WEEK AHEAD

The week ahead features inflation, housing and trade price data for Australia, manufacturing figures for China, productivity results for the US, full year earnings for NAB and also a bunch of AGMs.

The week ahead brings a mixture of important local and international data sure to keep investors busy around the world.

In local news, highly anticipated producer inflation data is set for release, while building approvals and trade price data is also on tap.

Overseas, United States productivity and costs data for the September quarter will be released, while Chinese manufacturing data is due from HSBC.

In the corporate world, more companies will meet shareholders for annual general meetings. Lenders including Commonwealth Bank of Australia and Bendigo Bank are involved, along with Qantas Airways, Whitehaven Coal and Tabcorp Holdings.

Elsewhere, National Australia Bank will release full year earnings results.

RBA

A quiet week for the Reserve Bank of Australia sees just a few events, ahead of its highly anticipated policy meeting at the start of November.

On Tuesday RBA deputy governor Philip Lowe will speak at Commonwealth Bank of Australia’s Australasian fixed income conference in Sydney.

Investors will watch the speech intently for any hint on the future of the banks economic policy.

Analysts had been expecting at least one more rate cut before the end of the year, but a surprise jump in consumer inflation last week has had many thinking the RBA may sit on its hands – at least for now.

On Thursday, RBA board member John Edwards will speak at a Committee for the Economic Development of Australia function in Melbourne.

Local news

The week in local news brings steady amount of data that will catch the eye of investors.

Tuesday sees the Home Industry Association make new home sales data for September available to the public.

On Wednesday, building approvals data for the month of September is due for release from the Australian Bureau of Statistics.

Elsewhere, private sector credit data for September is due, along with the latest Australian Industry Group performance of manufacturing index.

Analysts expect credit to have lifted by 0.2 per cent in the month.

Thursday brings September trade price index figures from the ABS.

Elsewhere, the RP Data-Rismark release on home prices for October is awaited. Experts are tipping the figures will show a 0.8 per cent fall in prices.

Friday sees the release of highly anticipated producer price index figures for the September quarter from the ABS.

Corporate

In business news, the continuing annual general meeting season brings boards and shareholders together all over Australia this week.

On Monday, Bendigo and Adelaide Bank and New Zealand Oil and Gas will hold AGMs.

GPT Group will release third quarter earnings figures, while Harvey Norman will trade ex-dividend.

Tuesday brings Commonwealth Bank of Australia’s annual general meeting.

Elsewhere, Crown, SAI Global, nib Holdings, Ardent Leisure, Flight Centre, and Trade Me Group will face shareholders.

In the United States, Ford Motor Company and Archer Daniels Midland, the current bidder for local agribusiness Graincorp, will release third quarter earnings figures.

Wednesday sees National Australia Bank release its full year financial results. Goldman Sachs analysts expect the group to post an underlying profit of $5.904 billion, an 8.1 per cent rise on the previous corresponding period.

Elsewhere, AGMs are due to be held by Tabcorp Holdings, Ardent Leisure, JB Hi-Fi and Fantastic Holdings.

PanAust and ROC Oil Company will release September quarterly results.

Overseas, MasterCard Inc and General Motors are due to make third quarter financial results available to the market.

Fourth quarter figures are due from Visa.

On Thursday, IOOF Holdings, Transfield Services, Perpetual Holdings, Nuplex Industries, Boral and Noni B will all hold AGMs.

Whitehaven Coal will also meet shareholders. The meeting will attract a lot of attention given threats made against the board of the company by major shareholder Nathan Tinkler.
Energy giant Royal Dutch Shell will post quarterly earnings number overseas.

Friday sees Qantas Airways meet shareholders at its annual general meeting.

In the US, quarterly earnings figures will be released by Chevron Corp.

Offshore

The week in overseas news brings a large amount of data in the United States, Europe and China.

In the US on Monday, personal income and outlays data for September is set for release, along with the Dallas Federal Reserve manufacturing survey for October.

Economists are tipping the data to show a 0.6 per cent lift in spending and a 0.3 per cent rise in income.

In the UK, September consumer credit data will be released, along with mortgage approvals and M4 money supply data for the month.

On Tuesday, October consumer confidence figures will be released in the US, as well as the Standard & Poors-Case Shiller home price index for August.

Confidence is expected to have lifted from to 72.0 in response the month, while home prices are tipped to have risen by 0.7 per cent.

In Europe, October consumer and industrial confidence figures are due, along with the economic sentiment indicator for the month.

Wednesday brings the US employment cost index, alongside the ADP employment report for October.

Analysts are tipping the private report will show a 135,000 lift in jobs during the month.

The Chicago purchasing managers' index for October is also on tap.

Weekly reports are due from the Mortgage Bankers association, on mortgage applications, and the Energy Information Association, on the US’ current petroleum status.

In the UK, Gfk consumer confidence data for October is due.

Thursday sees US productivity and costs data for the September quarter made available to the public.

September construction spending data and jobless claims figures are also on tap.

Elsewhere, the ISM manufacturing index for October is due, along with car sales numbers.

Economists are predicting that vehicle sales rose 5.7 per cent in October.

In China, the final HSBC manufacturing PMI for October will be released, while in the UK, October Markit manufacturing data will be released.

Friday brings factory orders data for September in the US.

The employment situation report for October is also due, including non-farm payrolls, average earnings data and the monthly unemployment rate.

Analysts are expecting the figures to show a 120,000 increase in jobs, which will not be enough to stop the unemployment rate rising to 7.9 per cent.

In the UK, the construction purchasing managers index for October is on tap.

Wrapping up

Rounding off the week, Tuesday sees Australian Securities and Investment commissioner Greg Tanzer speak at corporate function in Kuala Lumpur.

iiNet chairman Michael Smith will address an Australia Institute of Company Directors event in Bunbury.

Bunnings managing director John Gillam will attend an American Chamber of Commerce in Australia luncheon in Sydney.

Challenger managing director Brian Benari will speak at a separate AMCHAM function elsewhere in the New South Wales capital.

Overseas, New York Federal Reserve president William Dudley will address the Fairfield County Business Council in the US.

Minneapolis Federal Reserve president Narayana Kocherlakota will also speak.

On Wednesday, Climate Change Authority chief executive officer Anthea Harris is due to address a Committee for the Economic Development of Australia event in Sydney.

Western Australian Premier Colin Barnett will deliver his latest State of the State address in Perth.

In the US, San Francisco Federal Reserve president John Williams will speak on monetary policy in new York.

Thursday sees ASIC deputy chairman Belinda Gibson sit on a panel at the 25th Finance & Treasury association congress in Melbourne.

ABC managing director Mark Scott will speak at an AICD event in Perth.

Atlanta Federal Reserve president Dennis Lockhart will speak in the US, along with Boston president Eric Rosengren.

Friday brings a speech from Arrow Energy chief executive officer Andrew Faulkner to a Trans-Tasman Business Circle event in Brisbane.

A busy Mr Medcraft will address an AMCHAM event in Sydney.

In the US, Mr Williams is due to speak on the economic outlook.