*Portugal, Ireland outperform other euro zone bonds. *Portugal's GDP grows a revised 0.6 pct in Q4. His comments and the data accelerated a fall in the country's bond yields, which hit 2010 lows recently on increasing optimism Portugal could follow Ireland out of its EU/IMF bailout later this year.» Read More
While Australia's fourth quarter GDP exceeded expectations, Michael Every, Head of Financial Markets Research Asia-Pacific at Rabobank, explains why the coast is not yet clear for the economy.
Manpreet Gill, Senior Investment Strategist at Standard Chartered Bank, explains why China is likely to attain its growth target.
BEIJING, March 5- China budgeted spending of 15.3 trillion yuan in 2014 and a deficit of about 2.1 percent of gross domestic produce, the Ministry of Finance said on Wednesday in its work plan unveiled at the annual parliament meeting.
A growth target of 7.5 percent, the same as for 2013, has been announced by Chinese Premier Li Keqiang on Wednesday. CNBC's Eunice Yoon has more.
Data on Monday showed Finland's gross domestic product shrank 1.4 percent in 2013 as the economy took another turn for the worse late in the year, driven by falling private consumption and weak investment. Danske Bank said they had tipped growth of 1.1 percent for 2014, but GDP data were likely to force this estimate down, wrongfooting the government again.
Rahul Bajoria, Regional Economist at Barclays, says manufacturing and private consumption sectors will continue to weigh on India's growth. The Asian country saw a worse-than-expected 4.7 percent gross domestic product (GDP) in the December quarter.
Erwin Sanft, MD and Head of China & HK Equity Research at Standard Chartered, says February's manufacturing data confirms a year of slow growth for the world's second-largest economy.
WASHINGTON, Feb 28- The U.S. government slashed its estimate for fourth-quarter economic growth on Friday in the latest sign of a loss of momentum, but some tentative signs emerged that suggested the worst of the slowdown may be over.
NEW YORK, Feb 28- The dollar fell to a two-month low against the euro on Friday after data showed euro zone inflation unexpectedly held steady this month and U.S. economic growth was revised lower for the fourth quarter.
CNBC's Rick Santelli discusses Fed policy, interest rates and stock market fundamentals.
LONDON, Feb 28- Oil dropped below $109 a barrel on Friday as tension in Ukraine dampened risk appetite and the United States revised its estimate for fourth quarter growth below analyst expectations.
NEW YORK, Feb 28- U.S. stocks opened little changed on Friday, with the S&P 500 coming off a record close and after the U.S. government slashed its estimate for fourth-quarter economic growth.
*Citigroup lowers 2013 profit as a result of fraud. *Salesforce.com raises revenue outlook, shares up. NEW YORK, Feb 28- U.S. stock index futures pointed to a slightly lower open on Wall Street Friday, with the S&P 500 coming off a record close and after the U.S. government slashed its estimate for fourth-quarter economic growth.
CNBC's Rick Santelli has the latest numbers on the health of the U.S. economy. And CNBC's Steve Liesman and James Bullard, Federal Reserve Bank of St. Louis president & CEO, provide insight on the economic data.
*Salesforce.com raises revenue outlook, shares up. NEW YORK, Feb 28- U.S. stock index futures dipped on Friday, with investors reluctant to make big bets after the S&P 500 closed at a record and ahead of closely watched data on economic growth.
WASHINGTON-- The Commerce Department issues its second of three estimates of how fast the U.S. economy grew in the October-December quarter. The report will be released at 8:30 a.m. EST. SLOWER GROWTH: The forecast is that growth will be revised lower to an annual rate of 2.5 percent for the fourth quarter, according to a survey by FactSet.
*Focus also on lingering tensions in Ukraine. LONDON, Feb 28- A weakening Chinese yuan and tensions in Ukraine drove investors into the relative safety of the Japanese yen on Friday while shockingly strong Swedish growth numbers propelled the crown higher.
WASHINGTON, Feb 28- The U.S. government is set to slash its estimate of fourth-quarter growth as exports and restocking by businesses were less robust than previously thought, leaving the economy on a more familiar path of modest expansion.
Sen. Rob Portman, (R-OH), discusses ways to reduce taxes, grow the economy, and work with Democrats to move the economy and create jobs.
Ben Broadbent, member of the Bank of England's monetary policy committee, says he expects U.K. GDP forecasts for the second half of 2013 to be revised up.