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COVID, CARS & KFC

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COVID lockdowns, the European economy and Aussie jobs are all in the frame in the Grafa week ahead.

Victoria’s snap five-day lockdown is set to end midnight Wednesday, with any extension dependent on how quickly authorities can contain the COVID-19 cluster.

Friday’s ASX session saw investors pouring into pandemic-winning stocks like carsales.com, REA Group and KFC-operator Collins Foods. If the trend continues it will be a case of lockdown deja vu.

Meanwhile, in the US, former president Donald Trump’s impeachment trial could be over early in the week, depending on how many witnesses, if any, are called.

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Monday 21:00 AEDT
EUR European Industrial & Trade Data

Has industrial production rebounded, and how is Europe’s trade balance sheet looking?

Tuesday 21:00 AEDT
EUR GDP (QoQ) (YoY)

Will the European economy record another quarter of contraction?

Thursday 00:30am AEDT
US Retail Sales (Jan)

After a 0.7% fall in December, have Americans spent more or less in January?

Thursday 11:30am AEDT
AUD Jobs Data (Jan)

How many new jobs have been created in Australia?

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Will Black Friday make the market green?

Keep an eye on US retail stocks as well as Australian retailers with a presence in the US.

Black Friday retail sales have become one of the biggest events events on the retail calendar.

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