OTTAWA, April 29- The Canadian economy contracted in February after a strong start to the year, as activity in the manufacturing and natural resource sectors declined, suggesting that low energy prices continue to impede growth. "Even with that pullback in GDP this morning that was expected... with March coming in flat you are still looking at 3 percent GDP," said... » Read More
U.S. jobless claims slid below the critical 300,000 level, and the economy grew at a quicker pace than estimated last quarter.
CNBC's Rick Santelli reports revised Q2 GDP resulted in 4.2 percent, and weekly jobless claims came in at 298,000.
Do consumers care about GDP data? Drew Matus, UBS deputy chief U.S. economist, and CNBC's Steve Liesman, share their opinions.
Kobsak Pootrakool, Executive Vice President at Bangkok Bank, explains why he is confident that Thailand can see better economic growth by year-end.
The Philippine economy grew an annual 6.4 percent in the second quarter, supported by strong growth in the industrial and services sectors.
After two consecutive years of sub-5 percent growth, India's economy looks to have snapped out of its funk in the April-June quarter.
Thailand's junta wants to sell a positive story about its coup saving a troubled economy, but there is little evidence yet of a sustainable recovery.
Come Thursday, markets will be digesting a new round of manufacturing data from China, when HSBC releases the flash estimate of the PMI for August.
Santitarn Sathirathai, Head of Southeast Asia and India Economics Research at Credit Suisse, outlines the domestic and external factors that will likely impact the Thai economy.
Fred Gibson, Associate Economist at Moody's Analytics, says challenges remain in the Thai economy despite an upside surprise in the country's second quarter gross domestic product.
Asia's stellar performance of the region's equity markets last week is an acceleration of the existing trend.
Philip McNicholas, ASEAN Economist at BNP Paribas, says the robust second quarter growth in Malaysia's manufacturing and mining sectors may not be sustainable.
Hans Goetti, Head of Investment Asia at Banque Internationale a Luxembourg, says the euro zone's subpar growth data may spur further easing measures from the European Central Bank.
Stuart Oakley, Managing Director, Asian Currency Trading at Nomura, is not convinced that slower growth and deflationary forces in the euro zone will weaken the currency.
Christian Schulz, senior economist at Berenberg Bank, explains that the weak German GDP was due to a combination of a "calendar effect" and the "Putin factor".
Art Cashin, UBS director of floor operations, weighs in on events in Russia and discusses the market's low trading volume.
Time to worry about Europe? Komal Sri-Kumar, Sri-Kumar Global Strategies president, discusses the impact of Russian sanctions on Germany's shrinking economy and stagnation in the euro zone.
The "Squawk on the Street" team discusses the impact of Russia-Ukraine on the contracting German economy and stagnation in the euro zone.
Anatoli Annenko, chief European economist at Societe Generale and Nicholas Spiro, managing director at Spiro Sovereign Strategy, discuss the euro zone following the release of the second quarter GDP.
Philippe Waechter, head of economic research at Natixis Asset Management, says France has not enacted the right reforms after the economy stagnated in the second quarter.