Asia markets set to extend gains ahead of key China data

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Investors will be watching China’s third quarter GDP for clues on its economic recovery, along with retail sales and urban unemployment data.

Asia-Pacific markets are set to extend their gains from Tuesday as investors look to key economic data from China.

The world's second-largest economy will also release its industrial output and retail sales data for September, as well as its urban unemployment rate.started the day up 0.19%, ahead of its unemployment figures on Thursday. The unemployment rate is one of the key metrics that the Reserve Bank of Australia considers when setting its monetary policy.

"We have time to see if we have done enough, or whether there's more work to do," said Barkin, a nonvoting member this year of the rate-setting Federal Open Market Committee, said in remarks to real estate professionals.

 

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