The US will provide its final reading for economic growth in the first quarter. It is expected to show that the American economy grew 2.2% between January and March.
China will report those closely-watched purchasing manager indices for June. Anything above a reading of 50 would be welcome by the market. On tap are PMIs for the manufacturing and services sectors. China has always maintained that it can manage the transition from manufacturing to services relatively seamlessly. However, its trade dispute with the US could heap unwanted pressure on the Chinese government.
The Eurozone will announce flash inflation numbers for June. The headline rate is expected to come in at 1.7%. Core inflation could be about half that.
No growth is expected for retail sales in Japan for May compared to the previous month. On a year-on-year basic, they are expected to have inched up 0.9%. Staying in Japan, the proportion of the working population that is unemployed is expected to be 2.5%. That is below the long-run average of 2.7%.
Having just increased interest rates at an out-of-cycle meeting in May, the central bank of Indonesia is not expected to do anything at its meeting next week. That said, the bank is likely to watch geopolitical events and monitor the impact of the rising US dollar on the rupiah.
And finally, there are a couple of key Singapore economic indicators to look out for next week. Headline inflation for May could have risen to 0.3%. But core inflation is expected to have gone up from 1.3% the previous month to 1.4%.
There are also those bank-lending numbers for May to keep an eye on. In April, lending by Singapore banks rose to a record of S$667 billion.
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