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The Week Ahead: Fasten Your Seatbelts

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Guess what? It’s earnings season.

Singapore Press Holdings (SGX: T39) kicked off proceedings this week with news of lower quarterly revenues and profits. But better things could be in store when Singapore Exchange (SGX: S68) reports on Thursday.

In October the Singapore bourse operator said net profit fell, while revenue fell at its core securities and derivatives business. This was blamed on a calmer market a year ago, when markets were more volatile. But SGX maintained its dividend at 5 cents a share.

Other companies with results next week include CapitaLand Commercial Trust (SGX: C61U) and CapitaLand Mall Trust (SGX: C38U). In October, CCT increased its distribution thanks to full income contribution from CapitaGreen and higher contributions from Raffles City. CMT’s distribution would have been higher if not for accounting aberrations.

On the economic front, the US will report core inflation numbers on Wednesday. Last month, consumer prices rose 2.1% over the year, which was unchanged from the previous month.

China will report GDP numbers for the fourth quarter on Friday. The numbers are expected to be in line with expectations. Anything other would be a red-face event. The world’s second-largest economy will also report retail sales number for December. This has consistently been at or above 10%.

The European Central Bank will have an interest-rate decision to make next week. The refinancing rate has been kept at 0% for seven straight months. The ECB is unlikely to do anything different this time around.

Who can possibly forget that Donald J Trump will be sworn in as the 45th President of the United States of American on Friday. The inauguration will mark four years of a Trump administration. So fasten your seatbelts.

And finally, Monday is Martin Luther King Jr. day It is a public holiday in the US, which means that markets will be closed.

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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 owns shares in CapitaLand Mall Trust. The Motley Fool Singapore has recommended Singapore Exchange and CapitaLand Mall Trust.