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The Week Ahead: Thai Beverage and Brexit

There is just one remaining Straits Times Index (SGX: ^STI) to report. Thai Beverage (SGX: Y92) is pencilled in for numbers on Thursday.

In August, Thai Beverage posted a 61% drop in third-quarter earnings, even though revenues rose. The brewer and distiller attributed the fall to a decrease in profits in the spirits and beer businesses and an increase in loss from its non-alcoholic sector.

On the economic front, a balance of European consumers is expected to be less confident about the economy. That said, it is expected to be a slight improvement compared to October.

The October headline rate of inflation in Japan is expected to be unchanged at 1.2% from September. Still, it would be the second-highest rate in the last seven months. In September, inflation was driven by higher food prices, recreational services and utilities.

Malaysia will report inflation numbers, too. In September consumer prices rose 0.3%. But a big jump is forecast for October. Meanwhile, Singapore’s rate of inflation could have inched up from 0.7% in September to 0.8% in October.

Thailand will report GDP number for the third quarter. The year-on-year growth could have slowed from 4.6% to 4.3%. The growth in the second quarter was attributed to stronger private sector investments, private consumption and exports.

And finally, UK Prime Minister, Theresa May, could face a leadership challenge ahead of getting a Brexit deal signed off in Brussels. At least 48 Conservative MPs must submit a letter of no confidence in Mrs May to the chairman of the backbench 1922 Committee. It’s a nail-biting time for both the Brexiteers and the Remainers and currency traders.

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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.