A Smart Look At The Week Ahead: Thanksgiving

It will be Thanksgiving on Thursday, which means a holiday-shortened trading week in the US.

China will report those closely watched purchasing-mangers’ indices again. They are expected to show that the country’s manufacturing and non-manufacturing sectors have stabilised in November.

A flash look at the Eurozone inflation rate could show that nothing much has changed. Core inflation could be stuck at 1.1%, whilst the headline rate could have crept up from 0.7% to 0.8% in November.

Inflation in Indonesia also appears to be holding steady. The core inflation rate for November could be unchanged at 2.9%, while the headline rate could have moderated to 2.9% from 3.1% in October.

Retail sales in Japan could have slipped 4% in October following a 9.1% jump in the previous month. In September, retail sales were boosted by a 13.9% increase in general merchandise and a 16.9% rise in motor vehicles.

India will report its economic growth rate for the third quarter. There has been a notable slowdown in the country’s growth rate over the last 12 months. This is expected to continue, when the world’s largest democracy is expected to post a GDP growth rate of 4.7% for the third quarter, down from 5% in the previous quarter.

It is an open secret that Vietnam has been one of the main beneficiaries of the Sino-US trade war. The country is expected to say that foreign direct investment rose from US$16.1 billion in October to US$18.4 billion in November.

Meanwhile, the country’s balance of trade could have swung from a deficit of US$100 million to a surplus of US$90 million. Retail sales growth for November could have held steady at 13%.

And finally, Singapore bank lending for October, which could have an impact on Singapore’s three listed banks, namely, DBS Group (SGX: D05), OCBC (SGX: O39) and UOB (SGX: U11). The Monetary Authority of Singapore could say that bank lending was little changed at S$684 billion compared to a month earlier.

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None of the information in this article can be constituted as financial, investment, or other professional advice. It is only intended to provide education. Speak with a professional before making important decisions about your money, your professional life, or even your personal life. Disclosure: David Kuo owns shares in DBS, OCBC and UOB.