Date 18 Nov 24 : Singapore NDOX drops

Powell says Federal Reserve in no ‘hurry’ to lower interest rates further

Traders trim bets for December rate cut on Fed chief Powell’s caution https://www.straitstimes.com/business/economy/fed-chairman-jerome-powell-calls-us-the-best-performing-major-economy-in-the-world

My Remark: December Rate Cut is the market Focus now

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Singapore key exports disappoint with 4.6% fall in October https://www.straitstimes.com/business/economy/singapore-key-exports-disappoint-with-4-6-fall-in-october

Singapore

Non-Oil Exports YoY, Oct : from 0.90% to -4.60%

Non-Oil Exports MoM, Oct : from -0.60% to -7.40%

Trade Balance : from 5.210B to 4.410B

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Data This Week United States Tues, 19 Nov : Building Permits, Housing Starts

Wed, 20 Nov : Crude Oil Inventories, 20-Year Bond Auction

Thu, 21 Nov : Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Existing Home Sales, US Leading Index, Fed Vice Chair for Supervision Barr Speaks

Fri, 22 Nov : Manufacturing PMI, Services PMI, S&P Global Composite PMI

China

Tues, 19Nov : PBoC Loan Prime Rate