Asian markets on Monday look set to open on a cautious footing in the wake of Wall Street's slide and oil's surge on Friday, against a backdrop of escalating violence in the Middle East, and ahead of top-tier Chinese economic data later in the week.
GDP is the biggie. Everyone knows the continent's largest economy has not emerged from the COVID lockdown restrictions anywhere near as strongly as most observers had expected. Many private sector forecasters in recent months have slashed their outlook for this year and next. The numbers on Wednesday will go a long way to determining whether Beijing's official 2023 goal of around 5% GDP growth will be met.
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