The US will announce inflation numbers for August. The headline inflation rate is expected to dip from 2.9% to 2.7%, whilst the core inflation rate could be unchanged at 3.2%. Whatever the number, the Fed is still appears set to cut interest rates this month.
China is also on the hook for August inflation numbers. The annual inflation rate could be unchanged at 0.5%. The Middle Kingdom will also report its trade balance for August, which is expected to narrow from US$84.7 billion in July to US$79 billion.
Malaysia will report July retail sales. They are expected to drop for the third successive month. Meanwhile, its unemployment rate could be unchanged at a 2024 low of 3.3%.
On the corporate front
Apple (Nasdaq: AAPL) is set to unveil its iPhone16 at an event called “It’s Glowtime”. The event, which has been described as the biggest iPhone upgrade cycle in its history, will see Apple reveal its version of A.I., namely Apple Intelligence.
Design-software outfit Adobe (Nasdaq: ADBE) will report third-quarter results. In July, it reported record quarterly revenues driven by strong growth at Creative Crowd. It is forecast to post another strong quarter. But AI startups are snapping at its heels.
Oracle (Nasdaq: ORCL) will report second-quarter results. The software giant is expected to register growth in revenue and earnings as it build on its cloud infrastructure business. Oracle is also making a play for AI startups by building AI-ready data centres.
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Disclosure: Apple is a constituent of DKIP’s Asian Consumer Portfolio.