Next Week’s News Today: India Chance To Shine

There is economic data aplenty to digest next week. But whether they will move the markets is probably questionable. We can always hope though, because this week was an exciting time for investors to pick up good stocks at bargain prices.

India will be telling the world how quickly its economy grew in the second quarter. India is the world’s ninth largest economy. Consequently, its rate of economic expansion is unlikely to have much impact on global growth. That said, India is growing at the rate of knots. Its growth rate has already overtaken that of China’s.

Japan’s Industrial Production numbers could be closely watched for signs that Abenomics is starting to work. More telling, though, could be Japan’s Capital Spending numbers. Capital Spending is a major pillar of domestic demand.

Over in Indonesia, South East Asia’s largest economy is grappling with mixture of slowing growth and rising prices. In July, the rate of inflation came in at 7.3%, which made it almost impossible for the Bank of Indonesia to cut interest rates, even though the slowing economy badly needs it.

Loans to the private sector have recovered strongly in Singapore. In April it was S$594b. In June it had risen to S$597b, and by July it had risen to S$606b. Bank Lending in July is also expected to be strong at S$607b.

And finally, China’s People’s Liberation Army will be showing off its latest weaponry at the Victory Day parade next week to mark the end of World War II. It is a National holiday in China. So, Thursday 3 September will be a quiet day for markets in the Middle Kingdom.

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