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May 5- U.S. stocks fell further in afternoon trading on Tuesday after the U.S. trade deficit surged in March, suggesting that the economy contracted in the first quarter. The $51.4 billion deficit was the highest in nearly 6-1/ 2 years and larger than the $45.2 billion the government assumed in its snapshot of first-quarter gross domestic product last week.
Trade data is weighing on the markets Tuesday. CNBC's Steve Liesman checks on Q1 GDP forecasts.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss how today's weaker-than-expected trade data might impact first quarter GDP, as Greece debt woes resurface. Also Cashin is keeping an eye on the Russell 2000 for signs of negative influence.
The $51.4 billion deficit was the highest in nearly 6-1/ 2 years and larger than the $45.2 billion the government assumed in its snapshot of first-quarter gross domestic product last week. "Everyone is now keeping an eye on Friday's jobs numbers to see if last month's dismal numbers were a momentary blip or for real," said Kim Forrest, senior equity research...
The U.S. trade deficit surged to its highest level in nearly 6-1/ 2 years in March and the $51.4 billion trade gap was far larger than the $45.2 billion deficit the government assumed in its snapshot of first-quarter gross domestic product last week. A now-settled labor dispute at West Coast ports had significantly slowed trade at the start of the year.
As much as Bank Indonesia wants to support growth, the central bank's hands are tied amid higher inflation, says Euben Paracuelles, executive director & South East Asia economist at Nomura.
JAKARTA, May 5- Indonesia's economic growth in the first quarter slumped to its weakest annual pace since 2009, hurt by slowing demand from major export partners and a drop in global oil prices, the statistics bureau said on Tuesday. Gross domestic product expanded 4.71 percent in January-March from a year ago, weakening from 5.01 percent in the final quarter of...
Wellian Wiranto, economist at OCBC, says the downward adjustment in Indonesia's growth forecasts reflects expectations as to how much the new government can achieve in the short term.
The bond market has turned into a punching bag for big investors, but strategists don't see yields moving much higher for now.
If the jobs report comes in strong on Friday, it could lead to a selloff of U.S. Treasurys that day, said a chief U.S. economist.
Wall Street is slowly coming to a grips with an economy that offers not breakout growth but more of the mediocrity that could keep rates on hold.
CNBC's Steve Liesman checks on GDP forecasts for the second quarter.
Erik Nielsen, global chief economist at UniCredit, explains why he doesn't think the world growth forecast is as bad as projected, and why he's "frustrated" with the IMF's conclusions.
Jeffrey Solomon, Cowen Group chairman and CEO, analyzes the U.S. economy and investment strategies heading into May.
CANBERRA, May 1- There is no risk of Australia being stripped of its coveted triple-A credit rating, Treasurer Joe Hockey said on Friday, slapping down speculation the country might be downgraded for the first time in 26 years. Australia's net debt is forecast to rise to A $245 billion by the end of the fiscal year in June, but at 15 percent of gross domestic product it...
Traders are watching the iShares Nasdaq Biotechnology ETF for clues on whether a deeper stock market decline is on the horizon.
Dollar bulls are not ready to throw in the towel and are betting diverging central bank policy will send the greenback higher.
Lindsey Piegza, Sterne Agee chief economist, weighs in on whether the Fed will accept some responsibility for what it calls nine years of growth below the historic norm of 3 percent; consumer spending; and a market outlook.
*Honda, NTT Docomo, Oriental Land hit by earning disappointment. TOKYO, April 30- Japanese shares suffered their biggest loss in four months on Thursday on weak U.S. growth figures and lacklustre earnings from Japanese companies including Honda Motor. Their selling should be considered in this context, "said Norihiro Fujito, senior investment strategist at...
*Honda, NTT Docomo, Oriental Land hit by earning disappointment. TOKYO, April 30- Japanese shares tumbled on Thursday as traders locked in profits from recent gains, discouraged by weak U.S. growth figures, a retreat in overseas shares and disappointing earnings from Honda Motor and a few other companies. Their selling should be considered in this context, "said...