J.P. Morgan economists said they now see a much slower economy in the second quarter, with growth of just 1%.Market Insiderread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses, writes Nomura.Marketsread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A spokesman for Nadler told CNBC that the chairman is "okay," and that he "seems to have been dehydrated and it was very warm in the room."Politicsread more
The meeting is expected to take place on the sidelines of the Shangri-La Dialogue defense summit in Singapore.Defenseread more
Rep. Chip Roy, R-Texas, blocked a $19.1 billion disaster relief bill that was expected to sail through Friday, a move that stalled the measure from becoming law.Politicsread more
On Friday, director Jeff Fowler tweeted that "Sonic the Hedgehog" would not be released until February 14, 2020. The film was previously set to be released in November of this...Entertainmentread more
If consummated, the deal would mark the latest in a flurry of activity in the payment technology space.Banksread more
The markets have been slow to recognize the high-stakes game that's playing out on the world stage.Economyread more
Volatility has roared back into the market this week, but Mark Tepper of Strategic Wealth Partners sees one sector making a comeback.Trading Nationread more
* Bund yield rises to 1-week high after state inflation data
* Biggest one-day jump in over two weeks
* Euro zone Q1 GDP stronger than expected
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr (Recasts with German inflation)
LONDON, April 30 (Reuters) - Germany's 10-year government bond yield rose to a one-week high above zero percent on Tuesday, following stronger-than-expected euro zone economic growth data and signs of an inflation pick-up in the powerhouse German economy.
Gross domestic product in the 19 countries sharing the euro rose 0.4 percent quarter-on-quarter in the first three months of 2019, up from 0.2 percent in the fourth quarter of 2018 and 0.1 percent in the third.
That followed signs of a pick-up in inflation in Germany, the euro zone's biggest economy.
Consumer price inflation in North Rhine-Westphalia rose 2.1 percent year-on-year in April, while inflation in Bavaria climbed 2 percent. The country-wide number will be released later this session.
A key gague of long-term inflation expectations rose to a five week high of 1.4194 percent following the data release .
Germany led a selloff in higher-rated euro zone bonds, rising almost four basis points to a one-week high at 0.04 percent. It was set for its biggest one-day jump in over two weeks.
"The inflation data is clearly on the firmer side," said Richard McGuire, head of rates strategy at Rabobank in London.
"It is adding to pressure on core paper, which was emerging yesterday as markets welcomed the lack of rating downgrade for S&P on Italy and the fact that there was not a better showing for the far right in Spain's election at the weekend."
S&P Global on Friday maintained Italy's BBB credit rating, helping narrower peripheral bond spreads over benchmark Germany on Monday.
Across the euro zone, most 10-year bond yields were 3-4 bps higher on the day as Tuesday's economic news boosted hopes of a brighter outlook ahead and offset the weaker tone overnight from China, where readings on manufacturing activity failed to meet expectations.
France's economy, the second largest in the euro area, grew 0.3 percent in the January-March period, the third quarter in a row at that rate, preliminary data on Tuesday showed. It was in line with market expectations.
Spain's economy, the fourth biggest in the currency bloc, expanded a stronger-than-expected 0.7 percent in the first three months of the year.
"The focus is on the inflation numbers which were weak last month," said Pooja Kumra, European rates strategist at TD Securities in London.
"Given the fact that tomorrow is a holiday in much of Europe and we have the Fed meeting, volumes are light," she said, referring to a two-day meeting of the U.S. Federal Reserve that concludes on Wednesday. (Reporting by Dhara Ranasinghe; Editing by Alison Williams and Angus MacSwan)