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China’s GDP to steal the limelight in coming week – Deutsche Bank

FXStreet (Delhi) – Research Team at Deutsche Bank, expect the release of Chinese GDP numbers at the centre stage of the Asian macro releases even though we have other important data coming out as well.

Key Quotes

“We begin next week with China’s GDP release which should rise at 7.0% in Q3, unchanged from Q2, thereafter rebounding to 7.2% in Q4 as improvement in official PMI, land sales and reduction in property down payment ratio to 25% provide an upside to growth in the last quarter of the year.”

“Other important data releases for China include industrial production (IP), Fixed Assets Investment (FAI) and retail sales; we expect IP (6.4% in Sep vs. 6.1% in Aug) to rise at a faster pace while FAI (10.9%) and retail sales (10.8%) will likely rise at the same pace.”

Indonesia: Stage set for near term BI easing – Nomura

Research Team at Nomura, suggest that, Bank Indonesia (BI) kept its key policy rates unchanged yesterday, in line with expectations with the policy rate at 7.5%, the lending rate at 8.0% and the deposit (FASBI) rate at 5.5% and has moved even a step further and turned outright dovish.
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Gold headed for a heaven – Commerzbank

Research Team at Commerzbank, note that the gold price surged by $26 at its peak yesterday and was trading for a time at a four-month high of $1,190 per troy ounce.
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