Preview of the week starting 18 Dec 2023 - FedEx on a stellar run
Public Holidays No public holidays in the coming week for Hong Kong, China, Singapore and the USA. However, Christmas Day (25 Dec 2023, Monday) will be a public holiday for Singapore, Hong Kong and the USA. Economic Calendar (18 Dec 2023) Notable Highlights Home data - Building Permits, Existing Home Sales and New Home sales will bring an understanding of the US real estate. With news of a potential Fed pivot in 2024, will this increase the demand for property? Philadelphia Fed Manufacturing Index . This shows the growth or contraction of the manufacturing sector. A decline is expected. PCE (Core) . This is Fed’s preferred indicator for inflation. This should be the next most closely watched data which has significant implications for the Fed’s coming interest rate decisions. CB Consumer Confidence - this is an indication of consumer confidence that ties to consumer’s outlook. Initial Jobless Claims - This is a reflection on the impact of unemployment, a data po...