Preview of the week 13Nov2023 - Can Sea Limited continue its climb?
Public Holidays There are no public holidays for China, Hong Kong & the USA in the coming week. Singapore is closed on 13 Nov 2023 as we celebrate Diwali. Economic Calendar (13 Nov 2023) Notable Highlights CPI data will be shared this coming week. This will be the most crucial news this week for the market. A sticky inflation may lead the Federal Reserve to revisit the possibility of another rate hike. Thus, the market may be volatile in lieu of this news. PPI. This is the Producer Price Index (PPI) that reflects inflation “received” by producers and manufacturers. This is the leading indicator before the CPI and can be used to predict the trend of inflation in the country. Philadelphia Fed Manufacturing Index (Nov) reveals the manufacturing activities. A decline of 11.0% is expected. Initial Jobless Claims will be released in the coming week. This is another important data point for the Fed’s coming interest rate decision as they seek to balance inflation and unemployment. Togeth...