It’s the start of a brand new year and as we head into the first trading day of 2023, we seek to keep you up to date with all you need to know for the week. 

In the US, the stock market had suffered a beating last year with major averages ending as much as 33.03% in the red. With the odds of a recession on the top of minds of investors, can the US Federal Reserve engineer a soft landing, and where will markets likely move for January at least?

Over in China, the country’s pharmaceutical sector saw a boost amid the surge in cases but which are the sectors that will benefit from China’s reopening and to what extent is the upside limited?

Back home, Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong is set to deliver the country’s FY 2023 Budget Statement in Parliament on 14 February. What can we expect in a high inflationary environment this time round?

On Market View, Prime Time’s finance presenter Chua Tian Tian posed these questions to Song Seng Wun, Economist at CIMB Private Banking.