Joined Nov 11, 2007
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Asia Pushes Slightly Higher Ahead of China GDP Data

Asian shares edged up in cautious trade on Friday, as the market braces for Chinese GDP data that is likely to show a slowdown in the world’s second-biggest economy.

Economists polled by Reuters expect China’s April-June economic growth, due around 0200 GMT, to have slowed to 7.6 percent from 8.1 percent in the previous quarter.

Worries are increasing that slower growth in top economies such as China will lead to more profit warnings, overshadowing hopes of any boost from additional policy measures around the world.

The FTSE CNBC Asia 100 Index [.FTFCNBCA  5824.04    0.18  (+0%)], which measures markets across Asia, was flat.


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