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The Week Ahead Can Keppel Corporation Draw A Line Under Brazil?

The Singapore earnings season goes into full swing next week with first-quarter numbers from Keppel Corporation (SGX: BN4).

In the final quarter of 2017, the industrial conglomerate posted its first ever quarterly loss. It was pushed into the red after booking a one-off penalty from a bribery case in Brazil. The company will hope that this will draw a line under its offshore and marine business.

Singapore Exchange (SGX: S68) will report third-quarter numbers. In the second quarter, higher marker activity lifted earnings from equities and fixed-income trading. SGX was also able to keep expenses under control, which helped to boost earnings.

In the fourth quarter CapitaLand Mall Trust (SGX: C38U) raised its distribution per unit by 0.7%, thanks to an improvement in gross revenues. The company said its top line is under a “bit of pressure”. But it plans to operate as efficiently as possible.

On the economic front, China will report GDP numbers for the first quarter. The economy is expected to have expanded 6.8%, which would be unchanged from the previous three months. China will also report retail-sales growth for March, which is expected to come in around 9.9%.

The UK will announce its latest inflation numbers. In February, the rate of inflation fell from 3% to 2.7%. It is expected to edge up to 2.8% in March. The higher-than-expected inflation rate has prompted the Bank of England to consider tightening monetary policy to bring it back to target.

Japan will report inflation numbers too. In February, consumer prices rose by 1.5% year on year. It was the highest inflation rate since March 2015. Core inflation was 1%.

And finally, look out for quarterly earnings from the US. Some of the potential market movers include Citigroup (NUSE: C), JPMorgan Chase & Co. (NYSE: JPM), Goldman Sachs (NYSE: GS) and Johnson & Johnson (NYSE: JNJ). With earnings to focus on, trigger-happy traders are less likely to be frightened by geopolitical issues.

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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.