Marketmind: Amid the fog, look out for China GDP this week
© Reuters. FILE PHOTO: People walk past the headquarters of the People's Bank of China , the central bank, in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
But the most important day could be Wednesday when Chinese unemployment, industrial production, retail sales and business investment figures for September will be released, along with third-quarter GDP. Economists polled by Reuters expect growth to rebound on a quarterly basis to 1.0% from 0.8% in the April-June period, but to slow on a year-on-year basis to 4.4% from 6.3% in Q2.
On the market front there was a mixed performance last week, with sentiment dominated by twists and turns in U.S. Treasuries and Fed rate expectations against the backdrop of tension and uncertainty surrounding events in the Middle East.
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