Five things to know before the Singapore market trades this week: March 30-April 5

1. The day after for Singapore

Singaporeans wake up this morning to the dawn of a new post-Lee Kuan Yew era.

After the week of national mourning and Mr Lee's moving state funeral on Sunday, the task of going on and getting back to work begins.

Businesses that closed Sunday as a mark of respect for Mr Lee's state funeral will reopen and companies that have held back their corporate events and announcements will proceed to launch them.

On this week's local economic calendar is URA's release of its property price indices for the first quarter on Wednesday. On Thursday comes the release of purchasing managers' index (PMI) for March - an indicator of the outlook for Singapore's manufacturing sector.

2. US jobs report to heat up Fed lift-off debate

The state of the US jobs market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike, Reuters notes.

Fed Chair Janet Yellen made it clear on Friday that the US central bank is likely to start raising borrowing costs later this year, adding that continued improvement of the labour market would be key to deciding when to move.

Thus all eyes will be on Friday's US jobs report which will provide another signal to the Fed on the health of the US economy and its capacity to withstand rate rises.

The ADP National Employment Report, which focuses only on the private sector and is due on Wednesday, may provide a foretaste of Friday's non-farm payrolls data from the US Labour Department.

Economists polled by Reuters are forecasting a healthy 244,000 rise in non-farm payrolls in March. If confirmed, it would be the 13th straight month of job gains of over 200,000, matching a run in 1994-95.

For many economists, though, the focus on Friday is less the jobs figures than average earnings, which are seen picking up after a muted 3 cent per hour rise in February.

A spate of weak US economic data at the start of the year, from retail sales to business spending, has prompted economists to scale down their growth views and push back to September their expectations of a first rate hike since 2006.

Bullish economists say a harsh winter, a now settled labour dispute at the country's busy West Coast ports and a natural moderation from a strong middle of 2014 imply the slowdown is just a temporary ripple.

However, there are some that cite the lack of wage pressure as a sign that the US recovery is not complete and they argue that a strong US dollar is a future threat. Raising rates will only add strength to the US dollar.

3. Greece teeters on bankruptcy tightrope

In Europe, euro zone finance ministers will need to give their blessing to Greece's long-awaited list of reforms if Athens is to secure further aid and stave off bankruptcy. Representatives of the creditors and the Greek government discussed the list in Brussels over the weekend, ahead of a Monday deadline for its submission.

Rating agency Fitch cut Greece's credit status on Friday due to uncertainty over Greece's finances and the timing of the release of aid.

4. Europe rising

For the eurozone as a whole, the main data point will be March flash inflation due on Tuesday.

Since a record-equalling consumer price fall of 0.6 per cent in January, the year-on-year inflation rate is seen pulling back to minus 0.1 per cent in March.

Consumer and business sentiment figures on Monday should show the single currency bloc is steadily improving.

Indeed with low oil prices and a weak euro driving consumption and exports, there are some already questioning whether the European Central Bank will need the full 1 trillion euros of its bond buying programme.

5. China slowing

The health of the Chinese economy should become clearer after official National Bureau of Statistics PMI numbers on Wednesday and final HSBC/Markit PMIs on Wednesday and Friday.

Last week's flash HSBC/Markit PMI showed activity in Chinese factories dipped to an 11 month low in March as orders shrank, signalling weakness in the world's second-largest economy that will likely fuel calls for more easing of monetary policy.

Sources: Reuters, New York Times, Trading Economics

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