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CNBC's Steve Liesman breakS down the latest data on the U.S. economy.
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CNBC's Steve Liesman breakS down the latest data on the U.S. economy.
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Thailand's economy contracted more than expected in January-March from the previous three months, which economists said raises the chances that this month will bring a rate cut..
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May 17- The 3.5 percent gross domestic product growth announced by Tokyo on Wednesday suggests that Japan may be the fastest-growing economy in the G7. All these events appear linked to the election of Shinzo Abe and the regime he has installed at the Bank of Japan.
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Luca Silipo, chief economist for Asia at Natixis, tells CNBC it's too early to see the effects of Abenomics on the economy.
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*Japan's Q1 growth beats forecasts. SYDNEY, May 16- Some stock markets across Asia edged up on Thursday after solid growth data from Japan improved sentiment although Tokyo's Nikkei lagged, while worries about a prolonged recession in the euro zone kept the common currency under pressure.
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TOKYO, May 16- Japan's economy grew at a faster-than-expected 0.9 percent in January-March from the previous quarter, expanding for a second straight quarter, official data showed on Thursday, driven by private consumption as the government's aggressive economic policies start to take hold.
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Japan's economy grew at a faster than expected pace in the first quarter, led by robust private consumption and a rebound in exports on the back of the government's radical policies to reflate the economy.
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NEW YORK, May 15- The euro slipped to its lowest level against the dollar in six weeks on Wednesday as data showing an unexpectedly large contraction of the euro zone economy raised expectations for more monetary easing by the European Central Bank.
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*Dollar/yen option barriers at 103 yen. NEW YORK, May 15- The euro skidded to a six-week low versus the dollar on Wednesday as data showing an unexpectedly large contraction of the euro zone economy bolstered the case for more monetary easing by the European Central Bank.
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LONDON, May 15- The euro hit a six-week low against the dollar on Wednesday after data showing the euro zone economy contracted more than expected in the first quarter of the year, strengthening the case for another interest rate cut.
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The euro zone's economy contracted for the sixth straight quarter at the start of this year, marking its longest recession on records dating back to 1995.
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David Owen, chief European economist at Jefferies International, tells CNBC people are going to have to look again at their 2013 forecasts overall as recession in the euro zone shows no sign of abating.
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Daniele Antonucci, senior European economist at Morgan Stanley, tells CNBC there is the perception of a policy backstop in the euro zone, which enables a search for yield despite poor macro data.
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LONDON, May 15- The euro fell to a six-week low against a buoyant dollar on Wednesday, hurt by worse-than-expected German and French gross domestic product data that strengthened the case for more monetary easing in the euro zone. The euro fell 0.2 percent against the dollar to $1.2888, with exporter bids cited at $1.2880.
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*Banca Monte dei Paschi di Siena rises after results. PARIS, May 15- European shares were mixed in early trade on Wednesday, taking a breather from a sharp rally started in mid-April, with lower-than-expected growth data for Germany and France denting investor appetite.
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PARIS, May 15- European shares were mixed in early trade on Wednesday, taking a breather from their sharp rally started in mid-April, with lower-than-expected GDP data for Germany and France denting investor appetite for stocks.
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Philip Tyson, rates strategist at ICAP, explains why he expects a steepening of the yield curve over the year in the U.S., despite anticipating soft second quarter data.
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ALMATY, May 15- Kazakhstan's gross domestic product growth slowed to 4.6 percent in year-on-year terms in the first quarter of this year from a 5.6 percent rise in the same period of 2012, the State Statistics Agency said on Wednesday.
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Jamie Cooper-Hohn, president and CEO of CIFF, explains the impact poor nutrition has on economic growth and estimates an 11% GDP loss for Africa and south-East Asia due to under-nutrition.
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Adrian Schmidt, FX strategist at Lloyds Bank, expects the U.S.'s recovery to strengthen but warns that "it won't break any record".