My Investing Muse

Public Holidays There are no public holidays for China, Hong Kong, the USA & Singapore in the coming week. Economic Calendar (30Oct2023) Notable Highlights Fed ’ s interest rate decision should be a most watched event. An increase in the interest rate can be bearish though, the survey reckons that the Fed is expected to keep the interest rate the same. The surge in GDP for Q3 could be one of the reasons the Fed would consider increasing the rate as the economy gets hot. Payroll & Jobs . JOLTs job opening, average hourly earnings, Nonfarm payroll, ADP nonfarm employment change will form part of the payroll data. If these are favourable, this can be the reason why the Fed may rise the coming interest rate. CB consumer confidence (Oct) is a good indicator of the consumption in USA. PMI . PMI for both US and China will be released this week. This will cast the outlook for the manufacturing sector. For USA, there will be a few of them that include ISM Manufacturing PMI, ISM non-M...

  Public Holidays No public holidays for Hong Kong, Singapore & China in the coming week. Economic Calendar (11Sep2023) Notable Highlights CPI - This will be the most watched macro news for the week as this is the indicator representing inflation. This data will be part of the Fed’s consideration for its coming rate hike. Though the PCE is the preferred indicator, this is still an important reference point. Even the forecast (MoM) points to a CPI increase by 0.4%. PPI is an important reference coming to inflation. While most of us pay attention to CPI, PPI is the inflation indicator that reveals how inflation hits the producers. The PPI precedes CPI as inflation is passed on from the producers to the consumers. An increase in PPI can imply more CPI in the coming weeks. Retail Sales & core retail sales data are good indicators of how consumers are behaving. A higher figure implies more buying. Jobless claims. Initial jobless claims will be announced on Thursday. This woul...