(Bloomberg) — As China enters a week-long Lunar New Year holiday, attention turns to corporate earnings in Japan and Australia, elections in Indonesia, and Singapore’s budget ends the week on Friday. Here’s what you can expect:
big data. Quarterly GDP data could help the Bank of Japan decide whether to raise interest rates for the first time in 17 years, while the Philippines is debating whether to go in the opposite direction. Inflation in India may ease and employment in Australia may recover slightly from December’s drop.
big link. The Fed is increasingly concerned that stablecoins could become a ticking time bomb for the broader financial system.
That’s a big result. Despite being imprisoned and barred from party elections, Imran Khan still had a strong influence on Pakistan’s elections, with independent candidates winning the most seats. This could mean weeks of political negotiations between rival parties to form a government.
It’s a big vote. Indonesia will next hold its first three-way vote in 15 years to choose President Jokowi Widodo’s successor, a vote that will be closely watched by the country’s wealthy elite.
big budget. On Friday, Singapore’s Deputy Prime Minister Lawrence Wong is scheduled to announce this year’s budget statement. Meanwhile, local authorities are poised to allow some of the luxury real estate seized in the country’s $2.2 billion money laundering investigation to be sold to financier DBS.
big pickles. Japanese tennis star Naomi Osaka talks about why she is investing in women’s soccer and pickleball.
big profits. In a report this week, Commonwealth Bank of Australia, Wesfarmers and Telstra provide a broad overview of how Australian businesses are coping in a high interest rate environment. Sony, which is reportedly spending $600 million on the rights to Michael Jackson’s music catalog in Japan, is wondering what it plans to do in India after canceling its $10 billion deal with Zee Entertainment. I might explain.
A big upgrade. With U.S. earnings season about two-thirds over, a string of better-than-expected results are persuading Wall Street to raise its profit forecasts for this year.
And finally, record betting, Taylor Swift, $7 million in advertising, and private equity money are just some of the ingredients for tonight’s Super Bowl LVIII, which Las Vegas will host for the first time.
Have a Dragonian week!
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