Economic and Earnings Calendar (26Dec2022)
Public Holidays
25 Dec 2022 - Christmas (Singapore, America, Hong Kong)
26 Dec 2022 - Hong Kong
Economic Calendar
Some observations about the coming economic calendar:
- Some of the exchanges would be closed as they celebrate Christmas holiday.
- Pending Home Sales - This will provide a glimpse into the real estate and how it is coping with the interest rate hikes.
- Initial Jobless claims - this will be an important data point for the Fed’s consideration as they look into interest rate hike
- Crude Oil Inventories - This is one of the forward indicators of market consumption. If the draw down is lesser than expected, this would imply a less than bullish sentiment. Like most data, one data point does not make a trend. Thus, it is more needful for us to look at this from a wider time horizon.
Earnings
There are not many exciting earnings in the coming week but a new earnings season will start after this week. Will the earnings lift the market or do they affirm that market downturn?
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