WASHINGTON, July 10- U.S. wholesale inventories rose in May, reinforcing the view that economic growth should surge in the second quarter following a weak first three months of the year. The Commerce Department said on Thursday wholesale inventories increased 0.5 percent from a month earlier.» Read More
CAIRO, July 6- Egypt raised the sales tax on cigarettes by up to 120 percent on Sunday and doubled the tax on alcohol as part of a series of measures to curb the budget deficit and reform the economy. Egypt is trying to reduce its deficit to 10 percent of gross domestic product in the next fiscal year, from an expected shortfall of 12 percent in 2013/ 14..
The "Squawk on the Street" news team discusses the Dow's run to 17,000 ahead of Thursday's jobs report.
IMF KEEPS 0.2 PCT RUSSIAN GDP GROWTH FORECAST FOR 2014 UNCHANGED VS ECONOMY MINISTRY FORECAST OF 0.5 PCT; SEES 2014 INFLATION AT 6.5 PCT VS CENTRAL BANK ESTIMATE OF AROUND 6 PCT.
Maury Harris, UBS chief U.S. economist, and David Blitzer, S&P Dow Jones Indices, share their outlook on the economy and jobs.
Daniele Antonucci, European economist at Morgan Stanley, comments on the latest euro zone data and says that there seems to be a "growth rotation" towards reformist economies such as Spain.
Markus Schomer, Chief Economist at Pinebridge Investments, expects the U.S. to see growth above 3 percent in the second half of 2014 and explains why bonds are a "futile economic indicator."
NAIROBI, June 30- Kenya's economy expanded 4.1 percent year-on-year in the first quarter of 2014, slowing from 5.2 percent growth in the same period last year, the statistics office said on Monday. The east African nation has been hit by a spate of gun and grenade attacks in recent months, blamed on Islamists from neighboring Somalia, curbing tourist arrivals.
OTTAWA, June 30- Lower oil and gas production caused Canada's economic growth to come in lower than expected at 0.1 percent in April, according to Statistics Canada data released on Monday, matching March's rise but below the 0.2 percent forecast. Taken to a second decimal point, real growth in gross domestic product was actually 0.14 percent.
Collins Capital's Dorothy Weaver isn't necessarily worried about the drop in GDP. Instead, she's looking for opportunity.
Monday marks the official end of Q2. How to view the second half of investing, with Dan Greenhaus, BTIG, and Matt Maley, Miller Tabak.
*Sees 2014 current account surplus at $11.7 bln vs $0.7 bln surplus earlier. BANGKOK, June 27- Thailand's central bank cut its export growth forecast for this year to 3.0 percent from 4.5 percent, raised its inflation forecast and said this year's current-account surplus should be much larger than earlier projected.
Steven Saywell, global head of foreign exchange strategy at BNP Paribas, comments on the U.K GDP data and says the Bank of England should be the first major bank to hike rates.
St. Louis Fed President James Bullard said he could see interest rates rising by as early as Q1 of 2015. Pimco's chief economist Paul McCulley, says Bullard is a "known hawk." McCully also discusses Q1 GDP, saying the fact that consumer income and job creation held up in Q2 is the "silver lining."
Pimco's chief economist Paul McCulley, discusses Pimco's Fed forecast.
BRASILIA, June 26- Brazil's central bank cut its economic growth forecast for 2014 and expects inflation to subside after a temporary peak this year, reinforcing expectations that policymakers will keep interest rates steady for some time.
LONDON, June 26- Sterling rallied against the dollar on Thursday after new measures to cool the UK housing market failed to dampen rate rise expectations and a downward revision to U.S. The Bank of England tightened lending norms to the housing sector but its measures were less aggressive than many in the market had anticipated.
Former Federal Reserve Governor Kevin Warsh, shares his thoughts on the health of the U.S. economy.
Don't judge this economy by the willingness of investors to buy a hot stock, say Former Federal Reserve Governor Kevin Warsh, sharing his thoughts on the markets, U.S. economy and Fed policy.
Former Federal Reserve Governor Kevin Warsh, explains how Federal Reserve policy is preventing the U.S. economy from exiting the two percent growth trap.
LONDON, June 26- The dollar index languished near one-month lows on Thursday, still held back by surprisingly weak U.S. first-quarter GDP data, which has bolstered expectations that monetary policy will remain loose. In the European session, the focus will be on the British pound and the impact from the Bank of England's report on financial stability.