The market in the week ahead

The Australian market is expected to have a mildly positive start with the ASX futures up 0.1 per cent following last week’s solid performance. 

While the S&P/ASX 200 index closed down 2.5 points at 6116.2 on Friday, the benchmark had risen for the sixth straight week, ending the week 0.9 per cent higher.

On Wall Street, a strong rally in energy stocks saw the Dow rising 2.3 per cent — its biggest weekly gain since March — while the S&P 500 and Nasdaq climbed 2.4 percent and 2.7 percent. 

The Stoxx Europe 600 Index rose 0.1 per cent and the MSCI Asia Pacific Index climbed 0.9 per cent to its highest in seven weeks.

On Tuesday investors will be watching out for the minutes of the last meeting of the Reserve Bank of Australia board where it surprised no one by keeping interest rates on hold again. The minutes might give some indication of when the next move on rates will be.

Also of interest to investors will be the speech from RBA deputy governor Guy Debelle speaking on the outlook for the Australian economy.

On Wednesday, the market will be focusing on the wage price index from the Australian Bureau of Statistics.

And on Thursday, the labour force figures will be getting all the attention.

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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