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The Week Ahead: Inflation Watch

Singapore’s earnings season doesn’t kick off until next week. But before then, there are some big US banks that could set the scene for what we could expect here. These include Citigroup (NYSE: C), JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC).

The three banks are expected to post modestly higher earnings. But listen out for the JPMorgan Chase’s take on things that are going on around the world. Jamie Dimon has a good grasp of global issues as well a sound understanding of the American economy.

The US will report inflation numbers for September. Whilst the headline number is expected to be unchanged at 2.7%, core inflation could have risen from 2.2% to 2.5%. In August, the annual inflation rate was the lowest reading for four months amid a slowdown in energy. But rising energy prices could have pushed up prices for consumer in September.

India will report inflation numbers too. In August, it said the rate of increase in consumer prices fell from 4.17% to 3.69%. But it prices are expected to have picked up in September, following the drop in buying power of rupee that has fallen 20% since December.

China returns from its Golden Week holidays with balance of trade figures. In August China’s trade surplus narrowed from US$40.5 billion to US$27.9 billion. The numbers will be scrutinised for its bilateral trade with the US.

Malaysia will post retail sales for August. It is expected to have another strong month for shopkeepers after two good months previously. In July, sales of motor vehicles jumped 12% following a 10% gain in the preceding month.

And finally, we are set to get the first estimate for Singapore’s economic growth in the third quarter. Between April and June, the economy grew 3.9% with manufacturing expanding more than forecast.

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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.