Key week ahead for rates and dividends msn news usa homepage


Reserve Bank of Australia governor Philip Lowe in his first speech last week highlighted Wednesday’s inflation numbers as “an important update”, after weak CPI prints triggered rate cuts in May and August. Usd inr exchange rate today Headline inflation is expected to come in at 0.5 per cent over the September quarter, from 0.4 per cent in the quarter prior, which would lift the annual rate to 1.1 per cent from 1 per cent.

Working against that downward pressure on the Aussie dollar is the rise in the country’s terms of trade, thanks to recovering iron ore and coal prices this year, which should be confirmed by terms of trade figures released on Thursday.

Topping the corporate calendar is National Australia Bank’s full-year profits release on Thursday. Rmb usd converter Of keen interest

to investors will be news on NAB’s dividends amid analyst concerns that the gathering pressure on profits will trigger a cut to shareholder payouts. Usd euro rate Busy schedule

Macquarie provides its half-yearly profit numbers on Friday. Binary key The following week includes annual earnings releases from ANZ and Westpac, as well as a quarterly trading update from CBA.

Adding to the busy schedule for shareholders is another welter of annual meetings, including Tabcorp and Bendigo and Adelaide Bank on Tuesday, Tatts, JB Hi-Fi and Blackmores on Thursday, and on Friday. Usd to sek Completing the picture are quarterly sales updates from the big supermarket owners, Wesfarmers on Wednesday and Woolworths on Friday.

AMP Capital head of investment strategy Shane Oliver expects a bumpy ride for sharemarkets in the coming months with a number of high-profile events, including the US election on November 8, the Italian vote on constitutional reform on December 4, and a key US Federal Reserve rates decision in December.

“After any short-term weakness, we anticipate shares to trend higher over the next 12 months, helped by OK valuations, continuing easy global monetary conditions, moderate economic growth and the shift from falling to rising profits for both the US and Australian share markets.”

After a strong start to the quarterly profit reporting season, large US companies are now tipped to grow their profits, albeit anaemically, for the first time in five quarters, marking the end of what analysts have called the country’s “profit recession”. Us dollar exchange rate in india today A little over 100 of S&P 500 companies have reported so far, and a similar number are due to release results this week.

Global monetary policy will again be on the agenda as Bank of England governor Mark Carney on Wednesday night testifies before a parliamentary committee in London about the economic consequences of the Brexit vote. Usd vs gbp chart Governor Carney’s testimony will be followed on Thursday by the first estimate of economic growth following the poll.