Singapore’s prime minister to step down after almost 20 years in power

Trump trial: The trial in the first criminal case ever brought against a former US president will begin in a Manhattan courtroom. Donald Trump is charged with paying thousands of dollars to conceal an alleged affair with porn star Stormy Daniels in the run-up to the 2016 election, and then trying to cover up the transactions. Jury selection will start on Monday, with 12 New Yorkers set to decide the Republican front-runner’s fate.

Retail sales: Economists expect that US retail sales ticked up 0.3 per cent in March, a slower pace than the 0.6 per cent rise in February. The figure will give insight into the strength of the US consumer after recent data indicated that the world’s biggest economy is more resilient than observers had forecast.

Goldman Sachs: The investment bank is scheduled to release first-quarter earnings before the bell, following mixed results from other large lenders last week. Analysts expect slightly higher revenue compared with the year-ago quarter but thinner margins, in part because of an anticipated uptick in provisions for bad loans.

Broker Charles Schwab will also report earnings in the morning.


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