Calmer week ahead expected for global equities

A CALMER week awaits global stock markets, including Singapore's bourse - a contrast to the ups and downs of the previous week caused by the ongoing trade spat between the United States and China, a slump in oil prices and a technology stock rout led by worries on the impact of a slowdown in iPhone sales on tech suppliers.

As US markets enter a short Thanksgiving holiday week ahead, Wall Street capped a volatile trading session last week by closing mostly higher on Friday following optimistic remarks by US President Donald Trump that gave investors some hope that the trade feud with China may ease in the near term.

The data docket is relatively light. Thailand will release its third-quarter growth numbers, which according to a Bloomberg poll is expect to slow further to 4.2 per cent year-on-year (y-o-y). Malaysia's latest reserves data and October Consumer Price Index (CPI) is expected to be out on Nov 22 and Nov 23 respectively.