The final US presidential debate between incumbent Donald Trump and the poll leader Joe Biden will take place on Friday. It is the last showdown between the two candidates ahead of the big day on 3 November.
Staying in America, there are some jobless figures that could paint a bleak picture of the employment situation. The four-week average jobless claim could have edged up to 877,000, whilst the initial jobless claims could have risen to 915,000.
On the other side of the globe, China could say that its economy grew 5.1% in the third-quarter. Meanwhile, the rate of retail sales growth for September could have inched up to 1.7%. But the unemployment rate could remain at a stubbornly high level of 5.5%.
The People’s Bank of China will announce its latest key interest rate. It could keep the cost of borrowing unchanged at 3.85%.
The European Union and the UK are set to continue with talks over Brexit. But the UK prime minster has said that there is “no point” unless Brussels adopts a “fundamental change of approach”.
On the results front, a raft of blue chips are set to jump-start the Singapore earnings season.
Mapletree Logistics Trust (SGX: M44U) will report half-year results. In July, the warehouse landlord said all its tenants have resumed operations following the easing of restrictions as economies reopen.
Elsewhere in the Mapletree family, Mapletree Commercial Trust (SGX: N2IU) said that in the first quarter, net property income dropped 10% because of rental rebates to its VivoCity tenants. But the impact at its shopping malls was mitigated by contributions from Maple Business City.
Shares in CapitaLand Commercial Trust (SGX: C61U) will be suspended from trading on Monday, as the REIT prepares for its merger with CapitaLand Mall Trust (SGX: C38U). Both REITs will announce third-quarter results before they combine to form CapitaLand Integrated Commercial Trust.
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Disclosure: David Kuo owns shares in Mapletree Commercial Trust, CapitaLand Mall Trust and CapitaLand Commercial Trust.
