Despite a reasonably solid start to the week, last week the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) finished with a disappointing decline of approximately 1%.
All being well, this short week will be a more positive one. Here are a few things to watch out for:
Monday.
Confession season is still in full swing and Australian Pharmaceutical Industries Ltd (ASX: API) will be one to watch today after its trading update revealed suppressed retail conditions were experienced by its Priceline network. Iron ore miners including Fortescue Metals Group Limited (ASX: FMG) will be on watch following a rise in the iron ore price.
Tuesday.
Although the date could change, I'll have my eye on the Western Areas Ltd (ASX: WSA) share price on Tuesday when it is due to release its quarterly update. The nickel producer's shares are up 30% since this time last year thanks to favourable nickel prices. This update may reveal whether the share price rise has been justified. Rare earths company Lynas Corporation Ltd (ASX: LYC) is also expected to release its quarterly update on Tuesday.
Wednesday.
Priceline operator Australian Pharmaceutical Industries holds its annual general meeting on Wednesday. The company will no doubt reveal further details on the "suppressed retail conditions" being faced. Industry peer Sigma Healthcare Ltd (ASX: SIG) will be on watch as well. Elsewhere, gold miners Resolute Mining Limited (ASX: RSG) and Evolution Mining Ltd (ASX: EVN) are due to release their quarterly updates.
Thursday.
On Thursday it appears quiet on the ASX ahead of the public holiday on Friday. Overnight on Wednesday U.S. crude oil inventories data will be released, which could have an impact on oil prices. This could make it worth keeping an eye on Santos Ltd (ASX: STO) and Beach Energy Ltd (ASX: BPT) on Thursday.
Friday.
Market closed for Australia Day.
