South Korea GDP Data Due On Thursday

RTTNews | 231 ngày trước
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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Bay Street May Open Slightly Higher

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Canadian stocks are likely to open slightly higher Thursday morning, as materials stocks may move up on firm metal prices. Oracle's lower than expected quarterly revenue and lower than expected forecasts may weigh on technology stocks.
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Turkey Slashes Interest Rate By 150 Bps

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Turkey's central bank slashed its benchmark rate at a sharper-than-expected pace on Thursday as demand conditions continue to support the disinflation process. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Yasar Fatih Karahan, decided to cut the policy rate by 150 basis points to 38.00 percent. Markets anticipated only 100 basis point reduction.
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