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What to watch on the ASX this week

The Australian share market returns to trade today after the long weekend and looks set to be as busy as ever ahead of earnings season.

Here are a few things to look out for this week:

Monday.

Arguably one of the biggest talking points today will be the return to trade of the GetSwift Ltd (ASX: GSW) share price after its suspension. The logistics platform provider’s shares have been suspended after an AFR report questioned why the company had not advised of contract losses.

Tuesday.

Debt collector Credit Corp Group Limited (ASX: CCP) and education provider Navitas Limited (ASX: NVT) are expected to report their first-half results on Tuesday. Credit Corp’s shares are up almost 30% since this time last year, so the market will no doubt be expecting its performance to justify this impressive rise.

Wednesday.

On Wednesday Australian fourth-quarter CPI will be released by the Australian Bureau of Statistics. Economists have forecast a 0.8% quarterly increase, bringing annual growth to 2%. Core inflation, however, is not expected to reach the RBA’s 2% to 3% target range. But if core inflation surprises and hits the RBA’s range then I would expect to see bond proxies such as Transurban Group (ASX: TCL) come under a bit of selling pressure. Also, GUD Holdings Limited (ASX: GUD) will release its interim results on Wednesday.

Thursday.

Overnight on Wednesday the U.S. Federal Reserve will make its latest decision on interest rates. According to CME Group, the market is currently pricing in just a 3.6% probability of a rate rise this month. If the Fed surprises then the ASX could be a touch volatile during trade on Thursday.

Friday.

Early on Friday morning Apple will report its latest quarterly results. These will be the first since the release of the iPhone X and will reveal how well the device is actually selling, amid speculation that it isn’t selling well. I feel it could potentially impact the Telstra Corporation Ltd (ASX: TLS) share price and Vita Group Limited (ASX: VTG) share price if this proves to be the case.

Finally, with earnings season about to kick off, here are three top shares I expect to deliver strong results.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended Transurban Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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