The Week Ahead: Singtel On The Line

The earnings season continues apace with Singapore’s largest company, Singapore Telecommunications (SGX: Z74) set to report quarterly figures on Thursday.

In February, the telecom company posted strong earnings growth and robust underlying profits, which were underpinned by continued momentum in its core businesses in Australia and Singapore. It also affirmed its outlook for the financial year.

Other Straits Times Index (SGX: ^STI) with numbers include SIA Engineering (SGX: S59) and. Wilmar International (SGX: F34) on Monday, City Developments (SGX: C09) on Tuesday and Singapore Airlines (SGX: C6L) and ComfortDelGro (SGX: C52) on Wednesday.

On the economic front, the closely-watched US Retail Sales numbers could provide some clues to the timing of the next interest-rate hike by the Fed. In March, retail sales only increased 1.7%, which is a far cry from the 4.4% average growth rate since 1993.

There are inflation numbers from the US Bureau of Labor Statics too. The 2.2% inflation rate reported in March was the first time that prices have eased in 10 months. Could that be enough to give the Fed reason to pause for thought?

China has some important numbers to post also. Perhaps the most important of which are its Import and Export figures for April. The surprising 11.5% increase in exports helped to ease fears that the world’s second-largest economy was going off the rail. But the disappointing drop in imports might point to continuing weak demand issues in the economy.

Closer to home, Singapore will report Retail Sales numbers for March. In February, retail sales fell 3.2%, which was the first decline since January 2105. Amongst the sectors that performed badly were food & beverage and telecommunications apparatus.

And finally, it could be time to avoid ladders and black cats on Friday, if you are superstitious. It is Friday the 13th. There is only one Friday the 13th this year. Last year we had three. So make the most of it!

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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.