Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Today first estimate of US fourth quarter GDP will be released at 13:30 GMT.
After first US rate hike by FOMC, GDP figure stands vital in determining FED's next move. However it is important to note this GDP is largely before FED hike.
Past trends -
- US GDP picked up pace since 2013 and increased pace in 2014. However after rising 5% and 2.2% in previous two quarters, US GDP shrank by -0.1% in the first quarter of 2015. Historically speaking US economy usually falters in first quarter.
- Second quarter was relatively better, with GDP growing at 2.1% in second quarter from the first.
- Growth has slowed further in third quarter, with GDP growing about 1.3%.
Expectation today -
- Market is expecting GDP to slow down further and grow only by 0.8% in final quarter of 2015.
- However data could surprise to the upside, given strong showing in employment gains.
Market impact -
Market impact could be mute if data surprise to the downside except for Dollar might suffer partial setback, whereas better than expected data likely to push equities higher, feeding into risk appetite.
