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Singapore GDP Data Due On Friday
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(RTTNews) - Singapore will on Friday release preliminary Q1 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
GDP is expected to slip 0.2 percent on quarter and rise 0.6 percent on year after adding 0.3 percent on quarter and 2.1 percent on year in the previous three months.
New Zealand will see March results for the manufacturing PMI from BusinessNZ, with forecasts suggesting a score of 51.0 - down from 52.0 in February.
Also, the markets in Thailand remain closed on Friday for the Songkran Festival; they re-open on Monday.
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German Construction Activity Remains In Deep Contraction
Germany's construction sector continued to contract and the pace of decline worsened in February, survey results from S&P Global showed on Thursday. The HCOB construction Purchasing Managers' Index registered 41.2 in February, down from January's 20-month high of 42.5. The reading remained well below 50.0 indicating contraction.
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European Shares Mostly Higher Ahead Of ECB Meeting
European shares traded higher on Thursday as trade worries eased, and investors looked ahead to the European Central Bank's interest-rate decision and President Christine Lagarde's press conference later in the day for direction.
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Asian Shares Climb Led By China And Hong Kong
Asian stocks advanced on Thursday after U.S. President Donald exempted automakers from newly imposed tariffs on Mexico and Canada for one month, raising hopes for negotiations.
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Commodity Currencies Rise Amid Risk-on Mood
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid risk appetite, as traders react positively to news that the Trump administration announced a one-month delay on tariffs affecting cars entering the U.S. from Canada and Mexico, raising hopes for negotiations.
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Euro Rises Against Majors
The euro strengthened against other major currencies in the Asian session on Thursday.
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Canadian Dollar Climbs Against Most Majors
The Canadian dollar strengthened against most major currencies in the Asian session on Thursday.
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NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Thursday.
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