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Singapore, Thailand, Japan and the European Union (EU) are expected to announce their 4Q2021 gross domestic product (GDP) readings this week, even as investors track the Federal Open Market Committee (FOMC) minutes of its January meeting for insights into the US’ monetary policy stance this year. The US central bank said last month that it was likely to hike interest rates in March and reiterated its plan to end its bond purchases that month as well.

Diversified mining and marketing company Glencore on Tuesday announced 84% higher financial results for the year, with earnings before interest tax depreciation and amortisation (Ebitda) rising to $21.3-billion. Looking forward, Glencore CEO Gary Nagle said the company remained focused on its strategy to deliver decarbonisation and meet increasing demand for everyday metals, “while responsibly meeting energy needs of today”.

SOME large cap companies including Dialog Group Bhd and MISC Bhd will be reporting their results this week.

Africa is expected to attract billions worth of investments into data centres on the back of the continent’s growing internet economy.

Forecast shows GDP to grow at 6.1% this year; with the GCC surplus to reach $27bn.