The spotlight is on China which releases its official gross domestic product (GDP) figures for the third quarter of this year on Tuesday. Economists surveyed by AFP are expecting economic growth to have fallen to 7.2 per cent - the slowest since the depths of the global financial crisis more than five years ago. The setback could prompt more stimulus intervention from Beijing which has set a 7.5 per cent target for expansion this year - the pace of growth in the second quarter.
Flash or preliminary October purchasing managers indices for the United States, euro zone, Germany and France - due on Thursday - will give a first glimpse of the state of their economies heading into the last quarter of the year. Britain won't escape the impact of the euro zone's malaise but is in much healthier shape. Third-quarter GDP data on Friday for Britain is forecast to show growth of 0.7 per cent in July to September.
For Singapore, the spotlight will be on URA's final third quarter property price index out on Friday. Flash estimates from the Urban Redevelopment Authority earlier this month showed that prices of private homes softened further in the July-September period, albeit at a slower rate.
(all times are local)
MONDAY, 20 OCT
8:30pm: US housing starts for Sept.
9:55pm: US University of Michigan consumer confidence index for Oct.
TUESDAY, 21 OCT
10:00am: China 3Q GDP, retail sales and industrial production for Sept
10:00pm: US existing home sales for Sept.
WEDNESDAY, 22 OCT
8:30pm: US consumer price index (CPI) for Sept
THURSDAY, 23 OCT
9:45am: China flash HSBC manufacturing purchasing managers index (PMI) for Oct
1:00pm: Singapore CPI for Sept
3:00pm: France Markit flash manufacturing PMI for Oct
3:30pm: Germany Markit flash manufacturing PMI for Oct
4:00pm: Euro-zone Markit flash manufacturing PMI for Oct
9:45pm: Markit flash manufacturing PMI for US for Oct
10:00pm: US leading indicators for Sept
FRIDAY, 24 OCT
7:00am: South Korea 3Q GDP
8:30am: Singapore final URA 3Q property price index
1:00pm: Singapore industrial production for Sept
4:30pm: UK 3Q GDP
10:00pm: US new home sales
SINGAPORE CORPORATE EARNINGS FOR RELEASE:
MONDAY, Oct 20: Keppel Land Ltd Q3
TUESDAY, OCT 21: Frasers Centrepoint Trust Q4, Keppel Corp Q3, Singapore Exchange Q1, Suntec REIT Q3
THURSDAY, OCT 23: Ascendas REIT Q2
FRIDAY, OCT 24: CapitaCommercial Trust Q3
Compiled by Ann Williams
