The week ahead will revolve around an array of company results, with reporting season well and truly underway. Reports will include the Commonwealth Bank of Australia’s full year results, a third quarter trading update from NAB, as well as full year results for Telstra, Qantas and Transurban. There will also be no lack of compelling economic data, with ABS labour force and lending finance figures scheduled as well as ANZ job advertisements. Offshore, Germany will reveal its trade balance for June, while the US awaits consumer prices for June and retail sales figures for July.
On Monday, the Australian Bureau of Statistics will release housing finance data for June. Economists expect that the value of loans may have lifted by two per cent, boosted by investors.