The Week Ahead: It’s Christmas
The US will provide the final reading for its economic growth rate in the third quarter. After the second revision, the American economy was estimated to have expanded 3.3% between July and September, which was faster than expected.
The UK will also provide the final print for growth in the third quarter. Unlike the US, where growth appears to be strong, the UK economy only grew at an annual rate of 1.5% in the third quarter.
China will report house price data on Monday. The average price of new homes rose 5.4% in October. It was the 25th straight month of gains. But it was the weakest since March 2016. The November number is expected to show a pickup to about 7.8%.
The Bank of Japan will announce its latest interest-rate decision. In October it left interest rates unchanged at minus 0.1%. With inflation still relative subdued, the central bank is expected to sit on its hands again.
Malaysia will report consumer prices inflation for November. The rate at which consumer prices have risen in October was 3.7%. Last month’s moderation in price increases was thanks to a slowdown in the cost of food and non-alcoholic beverages.
And finally, Sunday is Christmas Eve. So on behalf of the Singapore Motley Fool team, we wish you all a very merry Christmas.