Trader’s Diary: Everything you need to get ready for the week ahead
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Last week’s headline was dominated by US inflation, which rose by 0.4% in September, pushing the annual US CPI rate to 5.4%.
US jobs data came in weaker than expected, with non-farm payrolls growing by just 194,000 in September compared to 235,000 in August, falling short of the consensus survey of 500,000.
The US unemployment rate however, fell to 4.8% which was a 19-month low.
In Australia, the unemployment rate was the worst in almost a year, up from 4.5% to 4.6%.
But it was still better than the 5% predicted by economists.
Australian businesses meanwhile are showing renewed optimism about the economy, with the NAB business confidence survey showing a big spike for September, up 19 points from the previous reading.
MONDAY: Speech by RBA official, Alexandra Heath, who is the Head of Economics Analysis at the central bank.
TUESDAY: The RBA minutes from the October 5 meeting will be released. At that meeting, the central bank warned about the bubble in the housing market. That led to APRA ordering the big banks to increase the home loan “serviceability buffer” from 2.5% to 3% from the end of October, and hinted more regulation could be forthcoming.
ANZ and Roy Morgan will jointly release the weekly consumer confidence index.
Commonwealth Bank will also release its Household Spending Intentions report for September, alongside the weekly credit and debit card spending data.
WEDNESDAY: Skilled job vacancies for September.
THURSDAY: Weekly payroll jobs and wage.
Detailed labour forces stats.
NAB quarterly business confidence survey.
FRIDAY: Speech by RBA governor, Dr. Philip Lowe.
Some of the US stocks that will report earnings this week include Tesla and American Airlines.
MONDAY: US Industrial production for September.
US housing market.
THURSDAY: US homes sales.
Initial jobless claims.
WEDNESDAY: Eurozone core CPI.
MONDAY: China Economic growth for September quarter.
MONDAY: NickelSearch (ASX:NIS), a mineral explorer that raised $10m at 20c a share.
WEDNESDAY: Activeport Group (ASX:ATV), a telco software company that raised $15m at 20c.
RAM Essential Services Property Fund (ASX:REP), a company that owns and manages a portfolio of commercial, retail and medical real estate assets. The company raised $356.9m at $1 a share.
Dragonfly Biosciences (ASX:DRF), a retailer of CBD oil that raised $11m at 20c.
THURSDAY Aurum Resources (ASX:AUE), a mineral explorer that raised $5m at 20c.
Lykos Metals (ASX:LYK), a mineral explorer that raised $12m at 20c.
iTech Minerals (ASX:ITM),a mineral explorer that raised $7m at 20c.