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The Week Ahead: Watch Singapore Banks

There is only one Straits Times Index (SGX: ^STI) left to report quarterly earnings. It is airport services company SATS (SGX: S58).

We originally thought that SATS would report full-year numbers a fortnight ago. It will now report on Wednesday. In the third quarter, SATS (SGX: S58) posted a slight dip in revenues and a small rise in profits. It said its performance remains resilient despite a challenging operating environment.

On the economic front, the US will report non-farm payroll for May. In April, 164,000 jobs were created, which was below market expectations. Jobs were created in professional and business services, manufacturing, healthcare and mining.

China will report those closely-watched purchasing managers indices for May. Manufacturing and non-manufacturing activity are expected to show expansion. However, they could be showing signs of slowing.

The Eurozone is expected to say that unemployment is unchanged at 8.5% in April. Whilst it may seem high by most standards, it remains the lowest jobless rate since December 2008.

Japan will report unemployment numbers too. They are expected to be unchanged at 2.5% for the third consecutive month.

India is expected to say that growth in the first quarter was 7% year on year, which would be slightly slower than the previous quarter. In the last three months of 2017, it beat market expectations thanks to a jump in investment and public spending.

And finally, keep an eye on Singapore banks when the latest bank loan numbers are released. In March, lending increased to a record S$661.6 billion from S$650.9 billion the previous month. Loan growth was driven by lending to business, whilst consumer loans only grew a tad.

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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.