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Australian Investment Blog

Uncategorized 10/05/2021

The Week Ahead – Monday 10th May

The macro numbers will continue to determine markets int he week ahead. Australian Retail Sales numbers will hit the screens this morning. Recent trading updates from most retailers have been strong ad the market s looking for a 1.4% month on month gain for the March print.

Tomorrow China will be out with CPI & PPI numbers. CPI is expected to pick up to 1%, from 0.4% at the prior period, however it is well below historical levels as global inflation wains. US CPI follows on Wednesday, expected at a measly 0.2% month on month. The EIA Crude Report will keep energy markets on their toes on Wednesday as well. Oil markets have been reasonably strong of late and with plenty of supply curtailments helping prop up the price, there is risk to the downside here.

The week rounds out with some micro numbers. Alibaba & Walt Disney will print quarterlies on Thursday. Friday sees a key deadline for talks between Veolia & Suez in a multi-billion dollar global waste tie up. Cleanaway (CWY) will be watching closely as they look to snap up Suez’s Australian assets.

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