The Week Ahead Asia Pacific: Light Data Week with Markets Looking West
(CEP News) Asia-Pacific markets are expected to react to outside factors such as stimulus plans and U.S. corporate earnings next week amid a light economic data schedule.
The major release out of the region will be Chinese first quarter GDP on Thursday (Wednesday night EDT). First quarter GDP is expected to climb 5.9%, following a 6.8% increase in the previous quarter.
Economists at DBS are optimistic that economic growth will surprise to the upside. Persistent improvements in manufacturing PMIs are pointing to an even better 6.5% increase, they said.