ASX is heading for a positive trading session on Monday with SPI up 4 points on the back of positive trading in the US. Dow Jones up 0.4%, S & P up 0.2% & Nasdaq was ended flat. US stocks indexes ended mostly higher on Friday with the market closed out its biggest weekly gain since March.
Local market Investors will be watching Thursday’s labour force report and a speech from Deputy Governor Guy Debelle on Tuesday. Further interest on the latest Australian Bureau of Statistics wage price index for the first quarter of 2018 scheduled to be released on Wednesday. Unemployment rate is also due out on Thursday with the market expecting to be unchanged at 5.5%.
Retail sales figures are due out in the US on Tuesday.
DATA RELEASES THIS WEEK:
AUD – Monetary Policy Meeting Minutes
GBP – Average Earnings Index 3m/y & Inflation Hearings
USD – Core Retail Sales m/m & Retail Sales m/m
AUD – Wage Price Index q/q
EUR – ECB President Draghi Speaks
USD – Building Permits
USD – Crude Oil Inventories
AUD – Employment Change & Unemployment Rate
NZD – Annual Budget Release
CAD – CPI m/m & Core Retail Sales m/m
D: 61 2 9993 0795
M: 0411 625 998