A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.The macro and market week in Asia starts with a bang on Monday, with a raft of top-tier economic indicators from China culminating in second-quarter GDP growth data.Just how weak has the world's second largest
The macro and market week in Asia starts with a bang on Monday, with a raft of top-tier economic indicators from China culminating in second-quarter GDP growth data.
A Reuters poll of economists suggests growth slowed significantly. The consensus view of 0.5 per cent expansion over the first quarter is much lower than the 2.2 per cent quarter-on-quarter growth in the January-March period, which captured the initial bounce after lockdown restrictions were lifted. Later in the week China's central bank sets its key one- and five-year lending rates. A sub-consensus Q2 GDP print on Monday could tilt expectations toward further easing.
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