A look at the day ahead in Asian markets from Jamie McGeever.Asian markets look poised to end the week on a nervous note on Friday, after soft U.S. and Chinese data stoked worries about the global economy and ensured a jittery day on world markets on Thursday.The main economic indicators in Asia on
Asian markets look poised to end the week on a nervous note on Friday, after soft U.S. and Chinese data stoked worries about the global economy and ensured a jittery day on world markets on Thursday.
Figures on Friday are expected to show that Malaysia's economic growth slowed in the first quarter, hit by tepid consumption and declining exports. The consensus forecast in a Reuters poll of economists is for annual growth to have slowed to 4.8 per cent from 7.0 per cent in the preceding quarter. With falling food inflation pushing overall inflation down, traders are pricing in almost 50 basis points of rate cuts from the Reserve Bank of India this year.
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