Public Holidays
Singapore celebrates Eid al-Fitr (Hari Raya Puaa) on 10 Apr 2024 (Wed).
There are no public holidays in Hong Kong, China and America in the coming week.
Economic Calendar (08 Apr 2024)
Notable Highlights
The most watched data in the coming week from the economic calendar will be CPI. The CPI is also known as the inflation indicator. A forecast of 3.4% CPI year on year is on the cards. Should the figure turn out to be higher, the market is expected to turn bearish and vice versa.
There will be updates of 10-year note auctions and 30-year bond auctions. These are part of the Federal Reserve funding the spending deficit.
Initial jobless claims will also be a key macro data that the Federal Reserve will look into as they ponder the next interest rate decision
Crude Oil Inventories can be seen as forward indicators of market demand and consumption. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakening consumer spending.
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