Date 22 Jul 24 : Markets need to reassess the twists and turns of U.S. election

• Joe Biden ends re-election bids, endorses Kamala Harris [link]

• Allianz to buy majority stake in Singapore's Income Insurance  [link]

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Remark: so far, I think the markets welcomes the decision of Joe Biden to step down, and assessing Harris of taking over the Democratic nomination. US Futures ticking higher now

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This week's Economic Data :

Singapore

Tues, 23 Jul : CPI, Core CPI

Wed, 24 Jul : URA Property Index

Thu, 25 Jul : Unemployment Rate

Fri, 26 Jul : Industrial Production

United States

Tues, 23 Jul : Existing Home Sales

Wed, 24 Jul : Building Permits

Manufacturing PMI

Service PMI

New Home Sales

Crude Oil Inventories

S&P Global Composite PMI

Thu, 25 Jul : Core PCE Prices

GDP

GDP Price Index

Initial Jobless Claims

Fri, 26 Jul : Core PCE Price Index

PCE Price Index

Personal Spending

China

PBoC Loan Prime Rate, Jul : 3.95% to 3.85%

PBoC Loan Prime Rate : 3.45% to 3.35% (Surprise drop)

Fri, 26 Jul : Chinese Industrial Profit YTD