Preview of the week (28 Aug 2023) - is NIO a good EV buy?
Public Holidays No public holidays for Hong Kong, the US & China in the coming week. On the 1st of September 2023, Singapore declared a public holiday as the nation goes to vote for a new president. Economic Calendar (28Aug2023) Notable Highlights PCE price index . The Core PCE index (YoY & MoM) should be the most important economic data for the coming week. This is the preferred reference of inflation for the US Fed and will be an important reference for the coming interest rate decision in September 2023. Consumer Confidence - This can be an important watermark coming to consumption. Home Sales . This will be a good reference for the home and housing market. Several have spoken about a crash but the high interest rates have led to lower transactions. GDP Q2 data - An update will be provided for the Q2 GDP of the USA. PMI . China updates with manufacturing PMI. As the world’s factory, this can be a good forecast for global consumption. The US will share simil...