What's Next: June 8, 2016

US President Barack Obama (right) meeting with Indian Prime Minister Narendra Modi at the White House on June 7.
US President Barack Obama (right) meeting with Indian Prime Minister Narendra Modi at the White House on June 7. PHOTO: EPA

Modi to address US Congress

Mr Narendra Modi will today become the fifth Indian premier to address a joint session of the US Congress, the latest display of improved US-India ties after he was barred from entering the US just a little more than two years ago.

Officials played down chances of major announcements during Mr Modi's visit to the United States, but noted that India is very close to a deal with US electric giant Westinghouse to build a nuclear plant.

COE tender results

The tender results of June's first open bidding exercise for certificates of entitlement (COEs) are expected later today . The tender opened on Monday.

At the close of the previous tender last month, COE premiums for cars fell. But they would have fallen more if not for strong bidding by a company owned by ride-hailing app Uber.

Eye on China's May trade data

China's trade performance last month will be the key data to watch today, with export and import figures due out. After the dismal job figures in the United States, market watchers will be nervously looking for signs of a further slowdown in China. A weak set of numbers could trigger a market sell-off.

A version of this article appeared in the print edition of The Straits Times on June 08, 2016, with the headline 'What's Next'. Print Edition | Subscribe