The curtains have come down on the Singapore earnings season. But we’ll have to do it all over again next month.
On the economic front, the US will report inflation numbers for February. Headline inflation is expected to be unchanged at 2.1%. However, core inflation, which strips out food and energy, could inch up to 1.83%.
America will also report retail sales for February, which is expected to come in around 3.8%. In January, they rose 3.6% year-on-year, which was the smallest increase since June last year.
China has retail sales numbers to share too. In December, retail trade increased by 9.4% from a year earlier. There appears to be signs that consumers could be losing some of their urge to splurge. But 9% is still very respectable.
The UK’s Chancellor will be gearing up for his Spring statement. In 2016, the Chancellor announced that he would move the annual Budget from Spring to Autumn. In place of the Budget will be a quick statement of how the UK economy is performing against plan.
And finally, Singapore retailers appear to be enjoying their day in the Sun. In November, retail sales grew 5% year-on-year, and in December they increased 4.6%. January is expected to be another good month with retail sales forecast to be up around 3%.
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