What to look out for on the ASX next week

It looks set to be a big week for the likes of JB Hi-Fi Limited (ASX:JBH), Nufarm Limited (ASX:NUF), and TPG Telecom Ltd (ASX:TPM)…

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It looks set to be an eventful week for the Australian share market next week.

Here are a few things to look out for:

Monday.

On Monday Nufarm Limited (ASX: NUF) shares will be on watch when it releases its full year results. A weak result is expected from the agricultural chemicals company, so all eyes will be on its guidance for FY 2020. The market is currently expecting a 19% rebound in EBITDA next year. Investors will also be looking out for an update on its key Omega-3 commercialisation. Further, on Monday a number of blue chip shares will be paying their shareholders their latest dividends. These include Bendigo and Adelaide Bank Ltd (ASX: BEN) and Insurance Australia Group Ltd (ASX: IAG).

Tuesday.

On Tuesday the Reserve Bank of Australia will take centre stage when it holds its meeting. According to the most recent cash rate futures, the market has priced in a 78% probability of the central bank taking rates down to a new record low of 0.75%. In addition to this, Tuesday marks the end of proceedings in the Federal Court in respect to the TPG Telecom Ltd (ASX: TPM)-Vodafone merger. However, a decision is not expected to be announced for a few months. And finally, watch out for September's CoreLogic home value index.

Wednesday.

Today the shareholders of iron ore producer Fortescue Metals Group Limited (ASX: FMG) will be paid another dividend. The miner is scheduled to pay shareholders a 24 cents per share fully franked dividend. Estia Health Ltd (ASX: EHE) and Iluka Resources Limited (ASX: ILU) are also due to pay their latest dividends on Wednesday.

Thursday.

On Thursday the ABS will release Australia's trade balance for the month of August. Australia's surplus hit a new high of $8 billion in June and then remained elevated at $7.3 billion in July thanks to soaring commodity prices. Things are expected to normalise a touch in August, with the market expecting a surplus of around $5.6 billion due to softening commodity prices.

Friday.

Finally, on Friday retail shares such as JB Hi-Fi Limited (ASX: JBH) and Harvey Norman Holdings Limited (ASX: HVN) will be on watch when the ABS releases August's retail sales data. In July retail sales fell 0.1% month on month and rose 2.4% year on year. This was short of expectations and appeared to show little positive impact from rate and tax cuts. The market will no doubt be hoping for better in August.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

asx share price boosted by us investment represented by hand waving US flag across winning athlete
Best Shares

Here are the best-performing ASX 200 shares since the US election result

We reveal the 10 ASX stocks that have had the highest share price gains since the US Presidential election.

Read more »

A young man sits at his desk working on his laptop with a big smile on his face due to his ASX shares going up and in particular the Computershare share price
Share Market News

5 things to watch on the ASX 200 on Friday

A decent finish to the week is expected for Aussie investors.

Read more »

A smiling man at a shop counter takes payment from a female customer, with racks of plants in the background.
Best Shares

Here's why I think Wesfarmers shares are a great buy for any ASX investor

I argue that Wesfarmers offers investors both growth and income potential.

Read more »

A golfer celebrates a good shot at the tee, indicating success.
Share Market News

Here are the top 10 ASX 200 shares today

ASX investors finally enjoyed a win this Thursday...

Read more »

a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today
Industrials Shares

Up 39% in a year, is there more growth to come for this ASX 200 share?

IML Equity Analyst Josh Freiman shares his views on a major ASX 200 industrial stock.

Read more »

Man looking at his grocery receipt, symbolising inflation.
Share Market News

What the latest US inflation print means for ASX 200 investors

The ASX 200 is likely to benefit if the US Fed cuts interest rates again in December. But will it?

Read more »

guy helping girl invest in shares and dividends
Opinions

5 ways for investors buying ASX shares to stay focused during economic uncertainty

AMP Chief Economist, Dr Shane Oliver, offers advice on how to handle the Trump factor.

Read more »

A worried man holds his head and look at his computer.
Share Fallers

Why Graincorp, Light & Wonder, Orica, and Wildcat shares are falling today

These shares are having a tough time on Thursday. But why?

Read more »