CCTV Script 21/04/13
This is the script of CNBC's news report for China's CCTV on April 12, Monday.
Welcome to the CNBC Business Daily.
Earnings get into full swing this week starting with the likes of Caterpillar, DuPont and United Technologies reporting today.
Apple reports tomorrow and a Reuters poll of analyst expect a mere 8 percent gain in quarterly revenue, while earnings per share is seen falling some 18 percent.
67 percent of S&P 500 companies that have reported earnings so far have beaten analysts' expectations, while just 43% have beaten revenue estimates.
On the data front, we get economic indicators on housing, manufacturing and a first look at first-quarter gross domestic product.
March figures for existing home sales, and new home sales for February are both widely expected to show slight gains
Meantime, Q1 GDP is seen growing at an annual rate of 3%, compared with a 0.4 percent gain in the fourth quarter.
And we'll also be on central bank watch with key meetings from the RBNZ and the BOJ.
The RBNZ is widely expected to keep rates on hold, so markets will instead be paying close attention to its policy statement.
Meantime, the BOJ will meet again on Thursday and Friday.
The meeting comes after the central bank stunned markets earlier this month, by committing to nearly double its monetary base through open-ended asset purchases.
Li Sixuan, from CNBC's Asia headquarters.