With all the exciting happenings in the market, it’s easy to forget about all the notable earnings announcements. These include the likes of Autodesk, Zoom, Dell, HP and more. In this week’s roundup, we’ll be going over some of those noteworthy Nov events that are happening this week.
MON Events:
- Notable Earnings: Zoom, Dell, Futu and more…
- China Loan Prime Rate (1Y and 5Y)
TUE Events:
- Notable Earnings: BestBuy, Autodesk, HP and more…
- CA Retail Sales YoY (SEP), CA Retail Sales MoM (SEP)
WED Events:
- Notable Earnings: Kingsoft Cloud, Lufax and more…
- SG Inflation Rate YoY (OCT), SG Inflation Rate MoM (OCT)
- US S&P Global Services PMI Flash (NOV)
THU Events:
- Notable Earnings: N.A.
- US FOMC Minutes
FRI Events:
- Notable Earnings: N.A.
- JP Tokyo Core CPI YoY (NOV)
- SG GDP Growth YoY (Q3), SG GDP Growth QoQ (Q3)
1st Key Nov Events: Key Earning Reports this week
2nd Key Nov Events: SG Inflation Rate Oct – Wednesday
The Consumer Price Index in Singapore includes a wide range of significant lifestyle areas. Housing, food, transportation, recreation, education, healthcare, and many other categories are covered in the index.
In September, Singapore’s annual inflation rate was 7.5%. This is the most since October 2008 with food prices increasing by 6.9%. In addition, the expense of housing, lodging, and transportation is another factor pushing prices upward. Over the previous two years, Singapore’s inflation rate has significantly increased. People’s lives are undoubtedly under a lot of pressure as a result of this. As a result, it is waiting to see what Singapore’s ultimate inflation rate would be in October.
3rd Key Events: US FOMC Minutes – Thursday
The Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve (Board). They are both given the authority to set interest rates in the United States. The Board decides on changes in discount rates based on recommendations from the Federal Reserve Banks. On the other hand, the FOMC decides on desired levels of central bank money or desired federal funds market rate.
In November, the Fed increased the target range for the federal funds rate by 75 basis points to 3.75%. Borrowing rates have reached a new high since 2008. This is the sixth consecutive rate hike and the fourth straight three-quarter point increase.
The Fed aims to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2%. Hence many are expecting a smaller rate hike in December. Hence, it waits to see what will be shared in the upcoming FOMC meeting.
All in all, It’s been another exciting week in the market, with plenty of notable earnings and reports to keep us busy. Autodesk, Zoom, Dell, HP will all be reporting this week. There will also be plenty of other noteworthy events happening as well. Keep an eye on this space next week for more exciting earnings announcements and market news!
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Disclaimer: The information provided by LearnToInvest serves as an educational piece and is not intended to be personalized investment advice. Readers should always do their own due diligence and consider their financial goals before investing in any stock.