Stocks should continue to dance around all-time highs, as traders watch for catalysts in economic data and bond yields.» Read More
BERLIN, May 22- Domestic demand was the main driver of German growth in the first quarter but foreign trade, which has traditionally propelled Europe's largest economy, was a drag, data from Germany's statistics office showed on Friday. Seasonally-adjusted data confirmed an earlier flash estimate showing that German gross domestic product rose by 0.3...
Rob Subbaraman, chief economist, Asia ex-Japan at Nomura, says the Bank of Thailand is "overburdened" and more measures to help the economy must come from the fiscal policy and reforms.
Martin Schulz, international equity investment director at PNC, says the upbeat growth report signals the "beginning of a better recovery in Japan" and the central bank will likely stand pat on policy in the near term.
TOKYO, May 22- The Bank of Japan is set to maintain its massive monetary stimulus on Friday and may offer a slightly more upbeat view of the economy, unfazed by first-quarter GDP data that offered mixed signs on the strength of the recovery. Data on Wednesday showed the world's third-largest economy expanded at an annualised 2.4 percent in the first three months...
Discussing first quarter GDP after the government agency acknowledged issues with the data, with Joe LaVorgna, Deutsche Bank chief U.S. economist; Jeffrey Cleveland, Payden & Rygel chief economist; and CNBC's Steve Liesman.
CNBC's Steve Liesman provides insight to the issues with the government's calculations of first quarter GDP data.
John Ryding, RDQ Economics, says there are better ways to measure economic growth than current measures used by the government.
CNBC's Steve Liesman takes a look at how U.S. economic growth is measured and why changes are likely after "issues" surface about the data.
SHANGHAI, May 21- Premier Li Keqiang said he was confident China has the ability to meet its 2015 economic growth target of around 7 percent, the official news agency Xinhua said on Thursday. China is set for its slowest growth in a quarter of a century this year and has rolled out a series of measures since last year to shore up the flagging economy and reduce the risk...
SHANGHAI, May 21- Chinese Premier Li Keqiang said the country has the ability to meet its 2015 GDP growth target of around 7 percent, the official news agency Xinhua said on Thursday.
While markets cheered Wednesday's first-quarter GDP print, it is important to note that Japan saw negative growth for the last four quarters on a year-on-year basis, says Andrew Freris, CEO of Ecognosis Advisory.
CNBC's Steve Liesman reports on government reaction to issues with Gross Domestic Product data.
Politicians need to act decisively to revive the economy, says Dan Alpert of Westwood Capital.
Lawrence Summers, Harvard University, shares his concerns about economic stagnation in the U.S.
Takuji Okubo, principal and chief economist at Japan Macro Advisors, explains why he's not worried about Japan's economic outlook over the next two years.
TOKYO, May 20- Japanese stocks closed at a 15- year peak on Wednesday, helped by data showing a surprisingly rapid pace of domestic economic growth in the January-March quarter. The Nikkei share average rose 0.9 percent to 20,196.56, its highest close since April 2000, while the broader Topix rose 0.6 percent to 1,643.40, its best since October 2007.
TOKYO, May 20- Asian shares slipped on Wednesday after a mixed day on Wall Street, though Japan's better-than-expected economic growth lifted the Nikkei to a 15- year high. The dollar scaled a two-month high against the yen after upbeat U.S. housing data, and as the euro remained pressured by expectations that the European Central Bank would increase its...
Kevin Doran, senior fund manager at Brown Shipley, says that despite good first-quarter growth, Japan still suffers from a "massive" debt to GDP ratio.
Following the spring wage negotiations, nominal wage growth in Japan will likely exceed inflation rate for the rest of 2015, says Masakazu Takeda, portfolio manager at Hennessy Japan Fund.
Luca Silipo, chief economist of Asia Pacific at Natixis, attributes Japan's faster-than-expected growth in the first quarter to the support from lower oil prices, instead of improvements in the economy.