Preview of the week 23 Oct 2023 - can Microsoft lift the market?
Public Holidays There are no public holidays for China, the USA & Singapore in the coming week. Hong Kong is closed on 23 Oct 2023 (Mon) for Chung Yeung Day. Economic Calendar (23Oct2023) Notable Highlights GDP QoQ (Q3) data will be released where the market expects strong growth at 4.1%. PCE Price Index is the preferred indicator of inflation for the Fed. Thus, this would be a key data point for the Fed’s coming decision on interest rates. If PCE strengthens, the Fed may raise the coming interest rate. Core Durable Goods Orders data will be revealed. This will provide an understanding of the consumption within the US. Building Permits, New Home Sales & Pending Home Sales will be released in the coming week. These will be a good reference for the real estate in the USA. Property prices remain elevated due to the Initial Jobless Claims will be released in the coming week. This is another important data point for the Fed’s coming interest rate decisio...