Economic Calendar (18Nov24) - USA PMI and home sales
Public Holidays
There are no public holidays in Singapore, Hong Kong, America, or Singapore in the coming week.
Economic Calendar (18Nov24)
Notable Highlights
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S&P Global US Manufacturing PMI. The last update came in at 48.5, indicating a contraction in the manufacturing sector.
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S&P Global Services PMI is expected to expand following a strong previous showing at 55.0.
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Philadelphia Fed Manufacturing Index is a good reflection of the manufacturing sector.
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Existing Home Sales is a good reference for real estate’s health.
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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.
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