DIARY: Australian Capex, US Housing, Trembling Markets
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In Australia, the focus in the economy will be on the start of the lead up to the first quarter growth figures to be released midway through next week.So this week we will get first quarter data for construction work done and new private capital spending, both for the March quarter.The figures, from the Australian Bureau of Statistics, will show & #160;continued strength in mining investment.Construction activity is also expected to have increased & #160;in the March quarter as well.And April car sales data will also be released later today.Corporate reports are few: GrainCorp produces its half year figures later in the week as does RuralCo.Programmed Maintenance Services produces & #160;full year figures on Wednesday.Commonwealth Bank of Australia chief executive, Ralph Norris, to address Australia-Israeli Chamber of Commerce Young Business Forum on Tuesday in Sydney.BHP Billiton Petroleum chief executive, Michael & #160;Yeager, hosts a & #160;petroleum media meeting today.Westpac-Melbourne Institute Indexes of Economic Activity will be released Wednesday.Woolworths chief executive, Michael Luscombe, to address Australia-Israeli Chamber of Commerce luncheon in Sydney on Thursday; & #160;Brambles CEO, & #160;Tom Gorman, speaks to a lunch in Melbourne and & #160;Wesfarmers chairman, Bob Every, addresses a lunch in Brisbane.Meetings include: & #160;Everest Financial Group annual general meeting, & #160;Multistack International, & #160;CityView Corporation, & #160;DVM International, First Australian Resources, & #160;Planet Gas, & #160;Reckon Ltd, InfoChoice, Discovery Metals, Melbourne IT, Rio Tinto, & #160;Austar United Communications, & #160;Westfield Group, & #160;MAp Group, Consolidated Media Holdings, James Hardie Industries SE investor meeting, Perilya Ltd, Mirabella Nickel, and & #160;Perseus Mining.In Asia, key Japanese data for retail sales, employment and inflation will be released. & #160;Watch for more deflation.In the US, April figures to be released will be & #160;updates on home sales, consumer confidence and & #160;durable goods orders are likely to have increased.April's new home sales data on Wednesday is expected to show another increase, with existing home sales also expected to see a rise.Existing home sales, due tonight, are forecast to rise 6.0% & #160;after growing by 6.8% in March.The S & #38;P/Case-Shiller 20-city index will be released tomorrow night and is forecast for show a fall in March from February, but a rise in the year to March.On Thursday, the government will release the major stat of the week, the second & #160;estimate of first-quarter gross domestic product.US analysts forecast an annual & #160;figure of 3.4%, up from the 3.2% in the first estimate at the end of April.Consumer confidence from the US Conference Board is also forecast to be up.And of course there will be the markets and their ups and downs over the coming five days. & #160;
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Daniel Kertcher established Platinum Pursuits in 2001 as a vehicle in which to share his knowledge of strategies to use the financial markets to grow wealth, with the aim of achieving financial freedom by making your money work for you.
His argument is that until you become financially literate and develop a method where you're able to get a reasonable return on your capital (i.e. making your money work for you), you will instead be forever working hard for your money.
Daniel Kertcher personally achieved financial freedom at a relatively young age, through his knowledge of property and then financial markets investing. Through using Options and leveraged instruments such as CFDs, Daniel developed a system to trade the markets where he could benefit from the leverage when the trade went in the direction he predicted, and hedged his positions so that there was a limited downside risk.
Some people in the past have criticised Daniel's message of striving for financial freedom in a high-risk environment such as trading derivatives. However, it is not Daniel's or Platinum Pursuits' goal to encourage everyone to trade the financial markets. Every kind of investing contains an element of risk, so this level of education is aimed specifically for those who want an understanding of professional trading techniques and strategies that they hope to apply to their own capital, and it is absolutely true that many people are not yet in a position to invest a chunk of their savings.
To be truly financially literate, it can pay to explore all the options available when you are in a position to try to get ahead in life. Daniel currently presents free introductory seminars nationally on selected dates from February to November. |
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