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The Week Ahead: One Teh C, Tapao, Please!

Well, the meeting between Donald Trump and Angela Merkel this week went well, didn’t it?

Apparently, the US President refused to shake the German Chancellor’s hand in front of the waiting photographers. The President’s joke about wiretapping also fell flat. Let’s hope the US Secretary of State, Rex Tillerson, has better luck during his visit to China.

Staying in the US, a host of US Fed members are due to speak next week. They include William Dudley and Fed chair, Janet Yellen, who will give a speech at a research conference on Thursday.

The raft of speeches could provide greater clarity on the pace of interest rate hikes in the US. Yellen’s post-hike conference appeared to suggest that the Fed might prefer a more gradual approach to raising rates.

The US will also report initial jobless numbers and new home sales.

The UK will announce its latest inflation numbers. In February, consumer prices fell 0.5% month on month. But the annual inflation rate is still rising at a healthy clip of 1.8%. The core inflation rate was 1.6%.

To better reflect the shopping habits of UK consumers, the Office for National Statistics shakes up basket of goods used for measuring inflation annually. This year, it has taken out menthol cigarettes and basic mobile phone handsets. But added to the basket are soya-drinks, cycling helmets and gin.

Singapore will also report inflation numbers. Following two years of negative inflation, the rise in consumer prices turned positive in December. Last month, they rose 0.6%, following a 0.2% rise in December. They are still low, though, when compared to the long-term average of 2.7%.

And finally, shares in traditional coffee shop owner, Kimly (SGX: 1D0), will start trading on Catalist first thing Monday morning. The owner of 121 coffee stalls offered 173.8 million at S$0.25 in an Initial Public Offer earlier this month. The shares are reportedly 300 times oversubscribed. It values the company at S$288 million at the IPO.

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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.