The focus of that market’s attention should turn to corporate earnings rather than the pointless question of whether the US Federal Reserve will raise interest rates. Additionally, China is on holiday, so there should be a welcome respite from economic numbers from the Middle Kingdom that invariably gets everyone very hot under the collar bvi company setup.
That said, America’s Yum! Brands will step forward with quarterly numbers on Tuesday. The company, which owns Pizza Hut, KFC and Taco Bell, generates around half its revenues in China. So what it might have to say about the spending patterns of Chinese consumers could be worth listening to work visa hong kong.
Stocking with food, Tesco, which is the largest supermarket in the UK, will report numbers on Wednesday. Tesco, which also has operations in Asia, could help shed some light on the state of play of household spending in China hong kong company formation.
Last year the company completed the formation of a joint venture with China Resources Enterprises to create a multi-format retailer. There are some similarities between Tesco and Dairy Farm International (SGX: D01), which also has a joint venture in China china company formation.
Turning to resources, one of the world’s largest aluminium produces, Alcoa, will kick off the earnings season for the major US corporations on Thursday. What it has to say about the conditions of the commodities market could have an important bearing on many South East Asia countries.
Meanwhile, PepsiCo, whose products can be found almost everywhere in the world could shed some light on the health of the global economy. Around half its revenues are generated from the US. So a good set of numbers could help put the fizz back into equity markets.
And finally we have some economic news. The minutes of the latest Federal Open Market Committee will be realised on Friday. We should find out what they said and why they said what they said. Earlier in the week, the Bank of England will announce its interest-rate decision. No prizes for guessing what they will say.
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