The market in the week ahead

The Australian market is in for a flat start with no lift in the ASX Futures following last week’s political uncertainty which saw the S&P/ASX 200 index closing the week 91.9 points, or 1.5 per cent lower, at 6247.3.

Globally, most market rose withTurkey figuring less prominently in the news.

On Wall Street, the S&P 500 Index closed 0.6 higher on Friday at 2874.7 and the Nasdaq Composite gaining 0.9 per cent to a record

European stocks closed higher om Friday following the conclusion of US-China trade talks with the FTSE in London up 0.19 per cent to 7577.49, the German DAX adding 0.23 per cent to 12394.52 and the CAC in France firming 0.24 per cent to 5432.50.

In Australia, much of the focus will be on the conclusion of the profit reporting season with 24 companies reporting including Spark Infrastructure, Caltex, Boral , Blackmores, Bellamy’s, Perpetual, Ramsay Health and Harvey Norman.

There will also be a lot of focus on the ANZ Roy Morgan Consumer Confidence Index on Tuesday to see how much the change of Prime Minister has affected the public mood.

Investors will also be watching out for the business investment and building approvals data coming out of the Australian Bureau of Statistics on Thursday.

 



An award winning author and journalist, commentator, lecturer, and speaker, Leon is a freelance business journalist who covers a range of areas including politics, strategy, globalization, leadership and all the big trends ahead. His main skill is summing up all the news that’s around. For the last 30 years, his main focus has been on management issues. He also produces two podcasts for RMIT University, Talking Business and Talking Technology. Leon has worked for Fairfax, News Limited, AAP and the Herald and Weekly Times.


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