Date 5 Dec 24 (Thu) : Political Turmoil in South Korea and France (VS) U.S.'s Powell speech on Fed isn’t in a Rush to Cut Rates... Friday U.S. key data : Nonfarm Payrolls

"THE ONLY CONSTANT IS CHANGE"

I'm still confidence with SG market, and I believe the property sector will catch up with the rest of other sectors by the end of this year... till Trump starts his 2nd term of administration in 20 Jan 25.

There are few pointers that I've sifted out to your attention

1. Today Data Released : Singapore Retail Sales Singapore retail sales up 2.2% in October with mixed performance across industries

   Of the 14 industries, eight report year-on-year growth https://www.businesstimes.com.sg/singapore/singapore-retail-sales-2-2-october-mixed-performance-across-industries
   

2. Singapore Manufacturing PMI (Nov) Singapore PMI up 0.2 point in November, echoes improved regional factory activity https://www.businesstimes.com.sg/singapore/singapore-pmi-0-2-point-november-echoes-improved-regional-factory-activity
   

3. India Market : India FII exists FII selling in November at Rs 26,000 crore. What lies in December? https://economictimes.indiatimes.com/?back=1
   

4. Powell's Speech yesterday : Economy is in good shape and there's no reason that can't continue https://www.youtube.com/watch?v=vFqv9mdU2RI
   

5. U.S. Data this week : Manufacturing PMI, Nov from 48.5 to 49.7 ISM Manufacturing PMI, Nov from 46.5 to 48.4 ISM Manufacturing Prices, Nov from 54.8 to 50.3 JOLTs Job Openings, Oct from 7.372M to 7.744M ADP Nonfarm Employment Change, Nov from 184K to 146K S&P Global Composite PMI, Nov from 54.1 to 54.9 Services PMI, Nov from 55.0 to 56.1 November Services Sector PMI : ISM Non-Manufacturing PMI falls 56.0 to 52.1 ISM Non-Manufacturing Prices up 58.1 to 58.2
   

6. China steps up tensions with U.S., China bans mineral sales to U.S. in conjuction with U.S. to sanction 140 Chinese Firmshttps://www.scmp.com/tech/tech-war/article/3289112/chip-war-chinese-firms-play-down-fresh-us-sanctions-tout-local-supply-chain China Data this week: Caxin Manufacturing PMI (Nov) : from 50.3 to 51.5 Caxin Services PMI (Nov) : from 52 to 51.5

7. Bitcoin tops US$100,000 on optimism over Trump crypto plans https://www.channelnewsasia.com/business/bitcoin-tops-us100000-optimism-over-trump-crypto-plans-4788291
   

8. OPEC Meeting Crude oil prices hold losses as traders shift focus to OPEC+ supply meeting https://www.cnbctv18.com/market/commodities/crude-oil-prices-hold-losses-as-traders-shift-focus-to-opec-supply-meeting-brent-wti-19519507.htm