Four things to watch this week (Week of 21 August)

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1. Flash purchasing managers (PMI) - Australia, Japan, Eurozone, UK and US (23 August 2023, Wednesday): Previous readings saw further weakening in the PMI data across the board, notably with manufacturing activities dipping further into contractionary territory.

 

2. Jackson Hole Economic Symposium (24-26 August 2023): Fed Chair Jerome Powell’s speech will be in the spotlight, following fresh updates on US inflation and labour market data released after the previous FOMC meeting.

 

3. Japan’s Tokyo CPI (25 August 2023, Friday, 7.30am SGT) - Generally looked upon as a leading indicator for the nationwide inflation trend, the upcoming Tokyo CPI will be on watch next week to provide a first glimpse into the pricing situation for August.

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