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Week Ahead

 





Thoughts on Week Ahead:
Week 18 March 2024

The latest US CPI and PPI reports have surpassed expectations, reigniting concerns about inflation. The US Federal Reserve is anticipated to prolong its pause on interest rate hikes until inflationary pressures ease.

We anticipate that banks will benefit from the recent CPI reports, while REITs may encounter selling pressure from investors.

Although investors widely anticipate the US Federal Reserve to maintain current interest rates during next week’s FOMC meeting, the Chairman's speech will be pivotal to investors on the committee’s policy outlook.

The S&P 500 is approaching its trendline support, while the China A50 index nears its trendline resistance. We are closely monitoring both indices for any significant directional moves. Meanwhile, the STI remains within a gradual downward channel, exhibiting oscillatory behavior."

Similar to last week, we maintain a cautious stance on the markets this week as earnings season draws to a close and in anticipation of any surprises from the US FOMC meeting.

Headlines for the week:
- US Corp earnings (Nike, Fedex)
- US FOMC Meeting, US PMIs, 
- Nvidia’s Jensen Wang speaks at GTC 2024
- China Ind Pro, Retail Sales, LPR Fixing
- SG NODX Report


Disclaimers apply

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