Trader’s Diary: Everything you need to get ready for the week ahead
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Last week’s major headline was President Biden’s nomination of Jerome Powell for a second four-year term as US Federal Reserve chairman.
The US Treasury yields and USD cross rates rallied as the appointment was announced.
Americans claiming for unemployment welfare were 190,000 during the week, way below the estimate of 260,000. This was the lowest US jobless claims since 1969.
In Australia, Reserve Bank of Australia assistant governor Michele Bullock made a speech on Wednesday, saying the RBA will be considering a “central bank digital currency” (CBDC) for use in wholesale markets.
Bankers welcomed her comments, saying that it will help the transition towards Web 3.0.
Meanwhile, the Australian Retailers Association (ARA) and Roy Morgan have predicted that a record $5.4 billion will be spent during the ongoing four-day Black Friday to Cyber Monday long weekend of sales, the highest on record.
Key domestic data this week is Wednesday’s national accounts and home value prices, which are expected to rise by 1% according to CommSec.
Balance of Payments for September.
Building approvals for October.
Speech by RBA deputy governor, Guy Debelle.
CoreLogic Home Value Index for November.
National accounts for the September quarter.
International trade for October.
Retail trade for October.
The highlight on the international calendar this week will be the meeting OPEC+ oil ministers, who are expected to lift production by 400,000 barrels per day.
Key focus this week will be the private sector payrolls data on Wednesday, and non-farm payrolls Friday.
US house price indexes for September.
US consumer confidence for November.
US private sector payrolls for November.
US Federal Reserve Beige Book, which provides update on regional economic activity.
US Non-farm payroll for November.
The key focus for the EU this week will be on unemployment and inflation.
EU consumer confidence for November.
EU CPI for November.
EU unemployment rate for October.
EU retail sales for October.
Source: CommSec and Investing.com
According to the ASX, these are the companies to make their listing debut this week.
Alloggio Group (ASX:ALO). This is a provider of short term rental accommodation in Australia, and has a current portfolio of over 879 holiday properties and 13 mid-market hotels. The company raised $16.5m at 20c a share.
Andean Mining (ASX:ADM), a mining explorer that raised $6m at 20c.
Parabellum Resources (ASX:PBL), a mining explorer that has raised $5m at 20c a share.
Biome Australia (ASX:BIO). This is a company that develops products such as nutraceuticals (food-based vitamins and weight management products, and live biotherapeutics (probiotics). It raised $8m at 20c.
Winsome Resources (ASX:WR1), a mining explorer that raised $18m at 20c.
Cosmos Exploration (ASX:C1X), a mining explorer that raised $5m at 20c.
Close the Loop (ASX:CLG), a collection, recycling and packaging company that raised $12m at 20c a share.
8 Au Ltd (ASX:8AU), a mining explorer that raised $12m at 20c.
Orange Minerals (ASX:OMX), a mining explorer that raised $7m at 20c.