Singapore Market Week Ahead: Nio Inc Earnings and Economic Data Take Center Stage

June 3, 2024

As June begins, the Singapore Exchange (SGX) is set to navigate through a week filled with critical economic indicators and the awaited quarterly earnings from NIO Inc (NYSE: NIO) (SEHK: 9866) (SGX: NIO). Investors and analysts alike will be keen on how these developments influence market dynamics.

Earnings Spotlight: NIO’s Q1 2024 Performance

NIO, a pivotal player in the electric vehicle sector, is slated to release its first-quarter results for FY2024. The outcome of this report could send ripples across the market, providing insights into both corporate performance and broader industry trends.

Singapore’s Economic Indicators: A Detailed Scan

Investors will also look at some of these key economic data to gauge the performance of the manufacturing industry, its consumer confidence and the country’s economic resilience.

  • S&P Global Singapore Purchasing Managers’ Index (PMI) for May, which recently dropped to a 9-month low yet continues to indicate expansion.
  • Retail Sales data for April will shed light on consumer spending patterns, a vital economic health indicator.
  • SIPMM Manufacturing PMI for May, offering further insights into the manufacturing sector’s condition.
  • Foreign Exchange Reserves for May, providing a snapshot of the nation’s financial health and economic resilience.

Aside from domestic development, investors will also want to keep an eye on some of the global developments, especially on economic data releases from the US and China.

China: May’s economic indicators including the Caixin PMIs (Manufacturing, Services, and Composite), along with Exports, Imports, and Balance of Trade data, will help gauge the ongoing economic recovery and its international implications.

US: This week features the ISM Manufacturing and Services PMIs for May, JOLTs Job Openings for April, the May Unemployment Rate, and Nonfarm Payrolls. These indicators are essential for understanding the economic pulse in the US and could influence global market sentiments.


With a blend of local earnings reports and significant economic indicators from Singapore and major global economies, this week is poised to offer critical insights. These developments will not only reflect the current economic landscape but also help in shaping market expectations moving forward. Investors should prepare for potential market movements driven by these comprehensive data releases.

Disclaimer: ProsperUs Head of Content & Investment Lead Billy Toh doesn’t own shares of the company mentioned.


Billy Toh

Billy is deeply committed to making investment accessible and understandable to everyone, a principle that drives his engagement with the capital markets and his long-term investment strategies. He is currently the Head of Content & Investment Lead for Prosperus and a SGX Academy Trainer. His extensive experience spans roles as an economist at RHB Investment Bank, focusing on the Thailand and Philippines markets, and as a financial journalist at The Edge Malaysia. Additionally, his background includes valuable time spent in an asset management firm. Outside of finance, Billy enjoys meaningful conversations over coffee, keeps fit as a fitness enthusiast, and has a keen interest in technology.

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