THE WEEK AHEAD
The week ahead features ANZ and Macquarie Group earnings results, CPI figures for Australia, GDP for the US and UK as well as a host of AGMs locally including Toll, Billabong and Echo.
Elsewhere locally, skilled vacancies data is due, while United States gross domestic product data is set for release overseas.
The US Federal Reserve’s October policy meeting is also awaited, along with third quarter GDP data in the United Kingdom.
In company news, the October annual general meeting season really heats up. Big names meeting shareholders this week include Treasury Wine Estates, Billabong International, Fairfax Media, Echo Entertainment, Newcrest and Toll Holdings.
Elsewhere, ANZ Banking Group and Macquarie Group will reveal earnings results.
A big week for the Reserve Bank of Australia sees a couple of speeches from key players that will command the attention of the market.
On Monday, RBA assistant governor Guy Debelle will be the guest speaker at the 2012 Australian Securitisation Forum in Sydney.
Wednesday brings a speech from RBA head of financial stability Luci Ellis to the 2012 CPA Australia Finance and Accounting Expo in Sydney.
Investors will watch both addresses closely for any indication on the future direction of monetary policy. Most analysts are still expecting at least one more interest rate cut before the end of the year, with a Melbourne Cup day move currently the market’s favourite.
A quiet week in local news brings only one release from the Australian Bureau of Statistics, but it’s a big one.
Wednesday brings consumer price index data from the ABS for the first quarter. Analysts are expecting the data to show a 0.9 per cent increase in the headline rate over the period, and a lift of 1.5 per cent over the past year.
Elsewhere on the same day, the Department of Education and Workplace Relations will release its skilled vacancies index for September.
The week in company news sees a continuation of the annual general meeting season and some highly anticipated earnings results from a couple of big local banks.
Monday brings AGMs from Ansell, Super Retail Group, Wotif.com, Argo Investments and Treasury Wine Estates.
Charter Hall Retail REIT will also meet shareholders.
Overseas, Peabody Energy Corp, Caterpillar Inc and Yahoo Inc will all release third quarter earnings results.
On Tuesday, Insurance Australia Group, Clough, WorleyParsons, AGL Energy, Bradken, Boom logistics and Pacific Brands will all meet shareholders.
Elsewhere, OZ Minerals, Oil Search, Aquarius Platinum and Mirabella Nickel will all release September production reports.
In the United States, Facebook quarterly earnings data is awaited.
Wednesday sees AGMs held by Origin Energy, Billabong International, Fairfax Media, Tatts Group, Transfield Services and Southern Cross Media.
Offshore, Boeing will release third quarter earnings figures.
On Thursday, Australia and New Zealand Banking Group will release full year financial results. Goldman Sachs expects the group to post an underlying profit of $6.066 billion, a 7.3 per cent rise on the previous corresponding period.
Wesfamers will release first quarter retail sales data.
Elsewhere, APA Group, Amcor, Newcrest Mining, Echo Entertainment, Skilled Group, Suncorp Group, Karoon Gas Australia and Slater & Gordon hold AGMs.
Beach Energy will release quarterly production data, while Mirvac will also provide a September quarter update.
Overseas, Credit Suisse Group releases third quarter earnings data.
Friday sees interim earnings figures from Macquarie Group. Analysts are tipping the group will post a 26.6 per cent rise in cash profit to $386 million.
AMP will release third quarter funds under management details, while quarterly sales data is due from ResMed.
Whitehaven Coal, Toll Holdings and Carsales.com will hold AGMs.
The week in offshore news brings a glut of data from both side of the Atlantic.
Monday sees nationwide housing price data for September due in the United Kingdom.
In the United States, the Richmond Federal Reserve manufacturing index for October will be released.
On Wednesday the US Federal Reserve will hold its October policy meeting, where it will make its decision on interest rates for the month.
Elsewhere, new home sales data for September is due, along with the weekly Energy Information Association’s petroleum status report.
The Markit performance of manufacturing index for October will also be released, along with weekly Mortgage Bankers Associations mortgage applications data.
Thursday brings US durable goods orders for September, jobless claims and the August pending home sales index.
Orders are expected to have jumped 5.7 per cent during September.
The Chicago Federal Reserve national activity index for September is also on tap.
In the United Kingdom, third quarter GDP data for the third quarter will be released.
Friday US gross domestic product data for the September quarter and the Reuters/Michigan consumer sentiment index for October.
The GDP figures are expected to show growth of 1.6 per cent during the quarter.
Rounding off the week, Sunday see European Union commissioner Michel Barnier takes part in a seminar on European integration.
On Monday, Australian Securitas and Investment Commission commissioner Greg Tanzer will give a speech at an Australian Securitisation Forum conference in Melbourne.
Elsewhere, Qantas Airways chairman Leigh Clifford will speak at a Trans Tasman Business Circle event in Sydney.
Overseas, the International Association of Deposit Insurers will kick off a week of meetings and conferences in London.
Tuesday sees Foreign Investment Review Board chairman Brian Wilson speak at a Committee for the Economic Development of Australia function in Melbourne.
Woolworths chief executive officer Grant O Brien will be the guest speaker at an Australian institute of Company Directors event in Sydney.
The last of three scheduled public debates between United States presidential candidates Barack Obama and Mitt Romeny will be held in the United States.
Elsewhere, the World Trade Organisation’s dispute settlement body will meet
European Central Bank policymaker Erkki Liikanen will speak in Brussels.
Wednesday brings a speech from Commonwealth Bank of Australia chief financial officer David Craig at a TTBC event in Sydney.
Tasmanian Premier Lara Giddings will address a CEDA event in Hobart.
European Central Bank president Mario Draghi will appear in Germany to defend his plans to buy eurozone government bonds on the open market.
Friday sees Productivity Commission commissioner Philip Weickhardt speak at a CEDA event in Melbourne.
And finally, IBM Australia managing director Andrew Stevens will be the guest speaker at an American Chamber of Commerce in Australia function in Melbourne.