It is quite possible that everything will have to take second place to the 2024 US Presidential election on Tuesday 5 November. We should have a good idea of who will be the next president by 12am US Eastern Time.
But life will still go on, regardless of who will win. On Friday, the US Fed will announce its latest interest-rate decision. The market still expects a rate cut of 0.25% to 4.75%.
Staying with interest rates, the Reserve Bank of Australia is expected to maintain the cash rate at 4.35%. The Bank of England could cut interest rates by 0.25% to 4.75%, while Bank Negara could keep borrowing costs in Malaysia unchanged at 3%.
Over in China, the Standing Committee of the National People’s Congress could announce measures to stabilise the housing market and drive the economy towards its growth target of 5%
Corporate Events
Two of Singapore’s biggest banks will report quarterly earnings. In August, DBS Group (SGX: D05) reported a 4%...