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South Korea GDP Data Due On Thursday
(RTTNews) - South Korea will on Thursday see preliminary Q1 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
GDP is expected to add 0.1 percent on quarter and 0.2 percent on year after expanding 0.1 percent on quarter and 1.2 percent on year in the three months prior.
Japan will release March numbers for producer prices, with forecasts suggesting no change at an annual 3.0 percent.
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Canadian Dollar Falls Against Euro
The Canadian dollar declined against the euro in the New York session on Friday.
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Swiss Stock Market Extends Losing Streak
The Swiss stock market suffered a late slump to wipe out early gains, stretching its losing streak to four sessions.
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European Shares End Under Water On Friday
The major European markets finished in the red on Friday, unable to hold early gains and slumping late in the trading day.
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FTSE 100 Lags In Global Stocks Rally
The FTSE 100 benchmark of the London Stock Exchange extended gains on Friday albeit with a less pronounced rally than peers in Europe amidst weaker than expected GDP data.
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UK Economy Unexpectedly Shrinks In October
The UK economy experienced an unexpected contraction in October, as uncertainty ahead of the Autumn budget dampened spending and investment, official data revealed on Friday. Gross domestic product fell 0.1 percent month-on-month in October, the same pace of drop as seen in September, the Office for National Statistics reported. GDP was forecast to grow 0.1 percent.
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CAC 40 Extends Gains
A positive sentiment in global markets attributed to the Fed's monetary policy action that turned out to be less hawkish than expected lifted the CAC 40 index.
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Pound Slides As U.K. Economy Shrinks
The British pound weakened against other major currencies in the European session on Friday, after the U.K. economy contracted for the second straight month in October.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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