*Altera up on report of Intel takeover interest. May 29- U.S. stock futures were largely unchanged, keeping the market on course to open lower on Friday, after data showed that the economy contracted in the first quarter. "Monetary policy from the Fed is forward looking and GDP by definition is a rear view mirror and the important thing now is that it wasn't a big miss,"...» Read More
May 29- U.S. stock index futures were lower on Friday amid worries about Greece's ability to strike a deal with its euro zone partners by Sunday and ahead of U.S. gross domestic product data. *Altera rose 6.2 percent to $49.90 in premarket trading after the New York Post reported that Intel was close to buying the chipmaker for about $15 billion.
Ylan Mui, financial reporter at the Washington Post, discusses the upcoming U.S. GDP data, jobless rates and the Federal Reserve's reaction to the data.
ZURICH, May 29- Switzerland's economy contracted in the first quarter, data showed on Friday, with strong household spending softening what would have been a bigger drop after the central bank allowed the franc to float freely against the euro. Gross domestic product fell by 0.2 percent in the first three months of 2015 compared to revised growth of 0.5 percent...
Despite hitting a two-week low against the U.S. dollar, the Indian rupee remains poised for a "real trade-weighted appreciation", says Mirza Baig, Asian currency strategist at BNP Paribas.
WASHINGTON— The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially estimated. The overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period, the Commerce Department reported Friday.
Mitul Kotecha, head of FX Strategy, Asia Pacific at Barclays, says markets have priced in a dismal first-quarter GDP print for the U.S. economy after the Fed's comments on negative "transitory factors."
Peter Schiff, CEO of Euro Pacific Capital, says factors such as an inventory overhang will weigh on the U.S. economy and that will prompt the Fed to roll out more quantitative easing.
Richard Iley, chief Asia economist at BNP Paribas and Jahangir Aziz, Head of EM Asia Economic Research at JP Morgan, outline their estimates for India's first-quarter gross domestic product.
Charlie Bilello, Pension Partners, gives a market outlook before the closing bell.
CNBC's Steve Liesman reports on questionable economic data from the government.
Tom Rogers, senior economic advisor at EY, outlines his expectations for the U.K.'s revised gross domestic product (GDP) for the first quarter.
Lexter Azurin, head, Equity Research and Senior Manager at Unicapital Securities, says the panic selling sparked by Thursday's disappointing GDP print is a "healthy correction."
The Philippine economy suffered a sharp slowdown in the first quarter, a rare miss from its usual solid showing.
Alan Krueger, professor of Economics and Public Affairs at Princeton University, says the growth figure due for release on Friday won't be indicative of the real economy due to special factors such as bad weather.
Cesar Purisima, Finance Secretary of the Philippines, attributes the less-than-stellar first-quarter growth to a fall in government construction and explains his confidence in the country's outlook moving forward.
The bond market has turned into a punching bag for big investors, but strategists don't see yields moving much higher for now.
Steven Rees, JPMorgan, and Neil Dutta, Renaissance Macro Research, discuss momentum in the U.S. economy and forecast the Fed's next move.
Sonja Laud, investment director of Global Multi Asset Group at Baring Asset Management, discusses the outlook of China's economy and explains why she sees value in Hong Kong markets.
Sen. Bernie Sanders criticizes the surplus of growth producing products in the U.S., considering income disparity.
EU COULD ACCEPT 1.0-1.5 PCT/ GDP GREEK PRIMARY SURPLUS, BUT ATHENS WOULD NEED TO TAKE MORE FISCAL STEPS TO REACH IT- OFFICIAL.