Public Holidays
There are no public holidays in Singapore, Hong Kong, America, or Singapore in the coming week.
Economic Calendar (11Nov24)
Notable Highlights
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Consumer Price Index (CPI) should be the most watched macro news for the coming week. CPI is typically the indicator used to capture inflation. We are expecting CPI YoY to be 2.4%. This should bring some volatility to the market as this will form of Fed’s considerations coming to the next interest rate adjustment.
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PPI shows the inflationary pressures that affects producers. If this figure goes up, there is a good chance that the producers would pass on the inflation they faced onto the consumers.
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Core Retail Sales and Retail Sales figures will be released in the coming week. This is a good indication on consumer demand.
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Initial jobless claims will be announced. The Federal Reserve uses this as one of the key macro data references as it balances inflation and employment in the economy.
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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.
The macro component will play a bigger role in the market’s movement in the coming week.
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