All eyes will be on Janet Yellen at the annual Jackson Hole symposium of central bankers. The Fed Chief will be acutely aware that whatever she says will be dissected to the nth degree for the minutest of clues as to when the Federal Reserve will hike interest rates, if at all, this year.
It is time for the US Bureau of Economic Analysis to provide a revision to America’s second-quarter economic growth. The first estimate showed that the US economy grew at an annualise rate of 1.2%, which was below the market’s forecast of 2.6%. Between April and June, the main driver of growth was consumer spending.
Are Chinese businesses feeling more or less confident at the moment? Last month a survey of companies listed on the Shanghai and Shenzhen stock markets said they were feeling more confident. But it was only six month earlier when they said they felt more pessimistic.
While Chinese businesses might be feeling optimistic at the moment, the same cannot be said of European consumers. The Euro Area Consumer Confidence Index measures the level of optimism that consumers have about the economy. It can range from -100 to +100. Last month it was -7.9, which suggest that the consumers have little to cheer about.
When will consumers prices stop falling in Singapore? The Consumer Prices Index has fallen for 20 straight months already. That said, core inflation, which strips out volatile elements such as accommodation, rose 1.1% year-on-year.
And finally, there is a handful of Singapore companies that are set to report quarterly numbers next week. They include Wing Tai Holdings (SGX: W05), GL Limited (SGX: B16) and Civmec Limited (SGX: P9D). FJ Benjamin (SGX: F10) could provide some useful pointers on the health of the luxury-brand sector in Singapore.
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