The Week In Numbers: Could SingTel Ring In Some New Year Cheer?

If the streets of Singapore appear a little quiet next week, it’s because the Garden City is celebrating Chinese New Year, with a two-day public holiday. The Singapore markets will be closed on both Monday and Tuesday for a holiday-shortened trading week.

But earnings season returns on Friday with quarterly numbers from Singapore Telecommunications (SGX: Z74) and ComfortDelGro (SGX: C52). Both SingTel and its local rival, StarHub (SGX: CC3), ended the week up 5.4% and 6.2%, respectively. Could the market be anticipating a good set of numbers from Singapore’s telecom operators?

Quarterly results are also expected from airport services company, SATS (SGX: S58), and hotel operator, GuocoLeisure (SGX: B16).

On the economic front, India will report growth numbers on Monday. In the three months to September, the Indian economy expanded 7.4%, which was faster than market estimates. The Indian economy is now growing at a faster rate than China.

Staying in India, the Ministry of Statistics and Programme Implementation said inflation accelerated for the fifth Straight month in December to 5.6%. Food inflation was 6.4%. Inflation numbers are also expected from a number of European countries that include Denmark, Norway, the Netherlands, Switzerland and Germany, which in contrast, are worryingly anaemic.

In the US, a number of economic numbers could provide some clues as to the next Federal Reserve’s interest-rate decision. These include the initial jobless numbers on Thursday and the retail sales figures on Friday.

Retail is the main driver of economic growth in the US. In December, the numbers came in below market expectation, due to lower sales of winter clothing and energy, as a result of the unseasonably warm winter.

And finally, from all of us at The Motley Fool Singapore, Kong Xi Fa Cai! May the Year of the Monkey bring you health, wealth and happiness!

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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.