Stream of information coming out this week

There are no blockbuster economic releases due this week but there is a steady stream of information set to emerge, Craigs Investment Partners broker Chris Timms says.

Apart from migration figures out yesterday, the Reserve Bank Survey of inflation expectations was due today, trade deficit figures were due on Thursday and on Friday, the ANZ business survey and building consents data would be released.

Also, this week would be the last busy one of the year for local annual meetings and earnings reports, he said.

''Aside from a few stragglers over the next fortnight, this week is the last busy one on the corporate reporting and annual meeting front.

"All of the big company results from the NZX are behind us, although there are some smaller companies due to report this week.''

In New Zealand, there would be earnings reports from two of this year's new listings - Eroad and Gentrack - as well as reports from Trilogy and Tower.

There were also annual meetings from Veritas, Cavalier, Pumpkin Patch, Abano and Tourism Holdings.

In Australia, Woolworths, IOOF, Harvey Norman, Seek and Primary Health Care hold annual meetings.

Among other things to watch for this week, were the third-quarter economic growth (GDP) updates for the United States, the United Kingdom and Germany, Mr Timms said.

Having already seen the initial estimates, the revisions would be released this week.

US GDP would be updated tomorrow after having been earlier reported as a ''healthy'' 3.5%, compared with expectations of 3%.

The trend in the past two years had been one of GDP being upgraded as revisions were released, he said.

In the last 13 quarters, 11 had had the eventual GDP growth numbers revised up by an average of 0.7%.

However, for this week's release, markets expected US third-quarter GDP to be revised down slightly to 3.3%.

Tomorrow would also see the release of detailed GDP statistics for Germany, with the initial release indicating Europe's largest economy avoided recession by a very slim margin with growth of just 0.1%.

The UK initial data of 0.7% growth for the quarter and 3% for the year could be revised higher given the solid business survey data released of late, Mr Timms said.

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