As the curtain comes down on the Singapore earnings season, bean counters could now turn their attention to economic matters. And there should be numbers aplenty to keep them chained to their desks.
America is likely to be the focus of attention, following a raft of speeches from a number of high-profile Federal Reserve members this week about the timing of a rise in US interest rates. The rate of (or lack of) inflation could figure highly. The US inflation rate has been close to zero since the start of the year, which could strengthen the argument of those calling for a delay to a rate rise.
While the US is pondering the timing of an interest-rate increase, Japan is likely to be looking at more ways to inject money into its moribund economy. At Thursday’s Bank of Japan’s meeting on interest rates, the central bank is unlikely to do anything other than stand pat on rates. After all, Japan’s economy is still struggling.
China is expected to be relatively quiet, given that President Xi Jinping will be attention the APEC conference in Manila. That said, China is expected to report monthly prices for newly-built houses on Wednesday. Prices have fallen every month for 12 months this year.
While President Xi will be pressing the flesh in the Philippines, President Jokowi of Indonesia will be staying at home to resolving problem on a domestic level. Perhaps it could be Bank Indonesia’s interest-rate decision on Tuesday that is keeping him tied to his desk.
And finally, Singapore will report non-oil domestic numbers on Tuesday. Any non-negative number would be welcome.
The Motley Fool's purpose is to help the world invest, better. Click here now for your FREE subscription to Take Stock - Singapore, The Motley Fool's free investing newsletter. Written by David Kuo, Take Stock - Singapore tells you exactly what's happening in today's markets, and shows how you can GROW your wealth in the years ahead.
Like us on Facebook to keep up to date with our latest news and articles. The Motley Fool's purpose is to help the world invest, better.
The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.