Good morning! Morning Minutes is a round-up of stories that will break on Wednesday, June 8, and which we think you'd be interested in.
It appears on weekdays, available by 7am.
Release of results for June's first open bidding exercise for COE
The tender results of June’s first open bidding exercise for certificates of entitlement (COE) are expected later today (June 8).
The tender opened on Monday (June 6).
At the close of the previous tender in May, 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.
India's Modi to address US Congress
Indian Prime Minister Narendra Modi will today (June 8) 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 have 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.
China's trade figures for May to be released
China’s trade performance last month will be the key data to watch today (June 8), with export and import figures out.
After the dismal job figures in the US, market watchers will be nervously watching for signs of further slowdown in China.
A weak set of data could trigger a market sell-off.
Japan to release final Q1 data
Japan will release the final first quarter data for annualised growth today (June 8), as economists predict a faster growth than initially expected.
The economy is expected to have expanded 1.9 per cent year-on-year in Jan-March quarter, after 1.7 per cent growth shown in the preliminary data.
However, a GDP revision is unlikely to change the impression of a lethargic economy. The current account balance, which will be announced at the same time as GDP, is likely to show a surplus of 2.32 trillion yen (S$28.99 billion) in April.