1. China GDP: The chinese language economy picked up steam in the first quarter, with GDP up 6.9% from a year earlier.
that is the quickest p.c. of increase since the 1/3 quarter of 2015 and reasonably above what some economists had been predicting.
China’s ruling Communist party has been prioritizing economic balance in advance of a key leadership reshuffle later this year when President Xi Jinping’s 2d term in power will begin. but the global monetary Fund and different agencies have entreated the chinese govt to focus on tackling the united states’s high ranges of corporate debt.
The Shanghai Composite misplaced 0.7% on Monday, whereas the tech-heavy Shenzhen Composite shed 1.four%.
2. North Korea tensions: U.S. vice president Mike Pence has issued a warning to North Korea after a failed tried missile launch by using the united states on Sunday.
Pence, who was in South Korea, mentioned that Pyongyang will have to not check the get to the bottom of of the U.S. “or the strength of our militia forces.”
increased tensions within the area, along with the deterioration in relationship between the U.S. and Russia and assaults in Syria, have compelled buyers to look for safe havens belongings.
Gold, the japanese yen and the Swiss franc all won in early buying and selling on Monday.
3. Moneygram sweetens bid: chinese firm Ant monetary on Monday upped its provide to $ 1.2 billion for MoneyGram (MGI), one of the vital widespread avenues for sending cash from the U.S. to Mexico and different international locations.
the original deal struck in January was once for $ 880 million, however U.S. rival Euronet global (EEFT) jumped in last month with an unsolicited $ 1 billion offer.
four. global market overview: U.S. inventory futures are edging lower.
Most European markets are closed for a holiday. Asian markets ended mixed.
Turkey’s primary inventory market developed 1% after a referendum to expand the powers of President Recep Tayyip Erdogan noticed the “yes” side winning by the slimmest of margins.
The Turkish lira additionally strengthened in response.
U.S. crude oil futures had been down 0.9% to exchange at $ fifty two.70 per barrel.
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5. earnings and economics: United Continental Holdings (UAL), the owner of United airways, will unlock its quarterly report after the closing bell on Monday, a week after changing into embroiled in a turbulent PR nightmare.
the corporate will dangle a convention name with investors on Tuesday.
Netflix (NFLX, Tech30) can even report after the markets shut on Monday. sales for remaining quarter are anticipated to clock in at $ 2.6 billion, up from $ 2 billion this time remaining 12 months.
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6. Coming this week:
Monday – China GDP; United airlines (UAL), Netflix (NFLX, Tech30) earnings
Tuesday – U.S. Tax Day; United airlines (UAL) analyst name, Goldman Sachs (GS), financial institution of america (BAC) and IBM (IBM, Tech30) document salary
Wednesday – U.S. Crude oil inventories file, Morgan Stanley (MS), BlackRock (BLK), eBay (EBAY), American specific (AXP) publish outcomes
Thursday – Mattel (MAT) revenue file
Friday – U.S. liberate of Samsung’s (SSNLF) Galaxy S8
CNNMoney (London) First published April 17, 2017: four:fifty one AM ET
latest monetary information – CNNMoney.com