Will it be 7.5%? The big question … China GDP, of course.
Due at 0200GMT, Q1 GDP data is due from China. This is an important market focus, though all the comments from China lately have been confirming they do not want to embark on a big round of further stimulus. If the number comes in very poor you can probably expect the chatter to start again … but the authorities there have repeatedly said there is no plan for a big stimulus.
- The Bloomberg consensus expectation is for +7.3% y/y, prior quarter showed +7.7%
Also due from China at 0200GMT:
- March Industrial Production y/y expected is +9.0%
- March industrial production YTD y/y expected is +8.8%, prior was +8.6%
- March Fixed Assets (excluding rural) YTD y/y, expected is +18.0%, prior was +17.9%
- March Retail Sales y/y, expected is +12.1%
- March Retail Sales YTD y/y, expected is +11.9%, prior was +11.8%
