Almost anything that China says or does now will be scrutinised for more signs that its economy is slowing. Some investors are growing increasingly concerned that the Chinese authority might not be doing enough to revive growth.
Thankfully, there are no major economic numbers next week. But that doesn’t mean that China won’t do something unexpected.
The US is inching closer to an interest-rate hike, and the anxiety is starting to show. Next week’s Continuing Jobless Claims in America on Thursday could provide some useful pointers.
Also on tap should be reports from the Jackson Hole Symposium, where central bankers meet once a year for a chinwag. Traditionally the event sets the agenda for the final four months of the year. A notable absentee this year, though, will be Janet Yellen, who sent her apologies in May.
Japan’s economy is not quite out of the woods yet, despite the Bank of Japan’s efforts to flood the market with cheap money. Next week’s should provide some useful data on Household Spending, which is an important driver of economic growth.
Japan’s Ministry of Internal Affairs & Communications will also announce the latest inflation numbers. In April it was 0.6%; in June it was 0.5% and in July it was 0.4%. So, a worrying trend of falling inflation appears to be developing.
Singapore has inflation numbers too, and the outlook is also looking disquieting. For the last eight months, the annualised rate of inflation has been negative. Falling prices have been attributed to a decline in the cost of housing and utilities, household durables and services.
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