Reporting Season coverage: A2 Milk Company, Sydney Airport, Wesfarmers & Bellamy's

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Evening Report

23 Feb 18, 16.10pm (AEDT). The ASX 200 rose by 0.8% or 48 points on Friday to post a gain of 1.6% for the week. Materials and Energy were the only 2 ASX sectors to lose ground this week  .  PREVIOUS REPORT

Consumers remain cautious

20 Feb 18. Consumer confidence fell by 3.5% despite a recovery in global stock markets and strong jobs data.

Reporting Season coverage

14 Feb 18. New earnings results: South32, Telstra, IAG, Transurban, Cochlear & Woodside Petroleum. 

Wages growth lift off

21 Feb 18. The wage price index rose by 0.6% in the December quarter after a 0.5% rise in September. Health Care & Social Assistance (+2.8%); Arts & Recreation Services (+2.6%); Other Services and Education & Training (both up +2.4%).

Women emerges as winners for wages

22 Feb 18. Female AWOTE rose by 3% while male AWOTE up by 2%. Ratio between female and male wages has lifted to the highest levels in 11.5 years.

Reserve Bank seeks 3.5% wage growth

16 Feb 18. The Reserved Bank seeks 3.5% gradual wage growth and keeping interest rates low to reduce unemployment. 

Record Indian and Chinese tourists

19 Feb 18. Over the past year a record 1,382,800 tourists came from China, up by 13.3% while tourists from India totalled 302,900 visitors – a record high, up 16.5%.

Fastest spending growth in four years

20 Feb 18. The Commonwealth Bank Business Sales Indicator (BSI),a measure of economy-wide spending, rose by 1.1 per cent in trend terms in January. 

The Week Ahead

23 Feb 18. A relatively quiet week beckons in terms of new economic data in Australia. Home prices and business investment are the indicators of most interest. In the US, the focus this week will be first testimony to be delivered on the economy by the new US Federal Reserve chair.

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