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S.Africa's central bank sees 2013 GDP growth at 2.4 pct
5 hours ago - Reuters - May 23, 2013 9:02 AM
PRETORIA, May 23 (Reuters) - For highlights of South African Reserve Bank Governor Gill Marcus' news conference after the Bank's policy meeting, and quotes from her speech, please double-click on...
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S.Africa's central bank sees 2013 GDP growth at 2.4 pct
5 hours ago - Reuters - May 23, 2013 9:02 AM
PRETORIA, May 23 (Reuters) - For highlights of South African Reserve Bank Governor Gill Marcus' news conference after the Bank's policy meeting, and quotes from her speech, please double-click on (Reporting by Johannesburg bureau)
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UPDATE 3-Singapore Q1 GDP growth surprises on surge in financial services
12 hours ago - Reuters - May 23, 2013 1:55 AM
* Q1 GDP +1.8 pct q/q annualised vs -1.4 pct advance estimate
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Here's the Bottom Line on Singapore GDP
13 hours ago - CNBC - May 23, 2013 12:38 AM
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Russia raises deficit forecasts, won't balance books by 2015
1 day ago - Reuters - May 22, 2013 12:22 PM
* Deficit seen at 0.6 pct of GDP in 2014, 0.7 pct in 2015 * Putin promised balanced budget by 2015 * Finance Ministry says spending will remain constrained By Maya Dyakina MOSCOW, May 22 (Reuters) -...
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Russia raises deficit forecasts, won't balance books by 2015
1 day ago - Reuters - May 22, 2013 12:22 PM
* Deficit seen at 0.6 pct of GDP in 2014, 0.7 pct in 2015 * Putin promised balanced budget by 2015 * Finance Ministry says spending will remain constrained By Maya Dyakina MOSCOW, May 22 (Reuters) - Russia is likely to run a budget deficit at least u
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Nigeria data chief aims to rebase GDP
1 day ago - FT - May 22, 2013 12:18 PM
With growth of 6.6 per cent, more than double that of South Africa, Nigeria could soon have the bragging rights as Africa’s biggest economy.
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Stephen Colbert Shreds GOP Congressman Who Wants To Destroy The Jobs Report
1 day ago - Business Insider - May 22, 2013 12:14 PM
Faux conservative comedian Stephen Colbert slammed a bill introduced in early May by Rep. Jeff Duncan (R-S.C.) that would end most functions of the U.S. Census Bureau, including employment, GDP, and housing data. Duncan's bill, which has 10
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2 Misunderstandings About Japanese Trade
1 day ago - Seeking Alpha - May 22, 2013 9:26 AM
By Marc Chandler:Japan reported April trade figures earlier today. Given the decline in the yen and the positive contribution of exports to Q1 GDP, it is a closely watched report. However, there are two profound misunderstandings that distort how the
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The Stock Market Needs Revenue Growth More Than Ever, But Things Aren't Looking Good
2 days ago - Business Insider - May 21, 2013 8:55 AM
Now that there probably isn’t much more upside for profit margins, revenues will drive earnings. Revenues will be driven by the growth in global nominal GDP, which I expect will be 5% this year, next year, and maybe for each of the next four ye
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Hong Kong economic indicators - May 2013
2 days ago - Reuters - May 21, 2013 4:53 AM
May 21 (Reuters) - Hong Kong economic indicators GDP 2012201120102009200820072006 Pct* 1.5^4.9 6.8-2.5 2.1 6.5 7.0 HK$ bln# 1,965^1,936^1,847^1,729^1,773^1,736^1,630^2013 ____________2012______________2011____Q1Q4Q3Q2 Q1Q4Q3 Pct q/q 0.2 1.4^1.1^ -0.1
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Artificial Growth Exhibit A: China's Inventory Stockpiling Hits All Time High
3 days ago - ZeroHedge - May 20, 2013 3:49 PM
Need a quick GDP boost in a world in which the uber levered consumer is tapped out and has no more savings or purchasing power, in which the government is facing an existential socialism or bust crisis even as global sovereign debt levels are at unse
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REUTERS SUMMIT-Peru central bank may trim GDP view; sees US optimism
3 days ago - Reuters - May 20, 2013 3:36 PM
LIMA, May 20 (Reuters) - A weaker global economy and lower metals prices may lead Peru's central bank to trim its forecast for 2013 economic growth to as little as 5.9 percent from 6.3 percent,...
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REUTERS SUMMIT-Peru central bank may trim GDP view; sees US optimism
3 days ago - Reuters - May 20, 2013 3:36 PM
LIMA, May 20 (Reuters) - A weaker global economy and lower metals prices may lead Peru's central bank to trim its forecast for 2013 economic growth to as little as 5.9 percent from 6.3 percent,...
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Thailand ETF Embodies New World Order
3 days ago - Seeking Alpha - May 20, 2013 12:37 PM
By Benzinga: By: The ETF ProfessorIn theory, it should not be good news for a high-flying emerging markets ETF when the market tracked by the fund reports first-quarter GDP growth that was 2.2 percent below what was seen in the fourth quarter. Perhap
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Thailand ETF Embodies New World Order
3 days ago - Benzinga - May 20, 2013 12:23 PM
In theory, it should not be good news for a high-flying emerging markets ETF when the market tracked by the fund reports first-quarter GDP growth that was 2.2 percent below what was seen in the fourth quarter. Perhaps it should be even worse that the
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Euro Set For Another Week of Disappointing Data
3 days ago - Benzinga - May 20, 2013 6:28 AM
After last week's GDP data spelled disappointment for the eurozone, the common currency seems poised for another week of pressure as more economic indicators are set to be released in the coming days.
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High inflation 'cost UK GDP £10bn'
3 days ago - BBC - May 20, 2013 5:26 AM
High inflation has cost the UK economy £10bn over the last three years, says an influential report, and has now become a "permanent fixture".
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Hong Kong economic indicators - May 2013
3 days ago - Reuters - May 20, 2013 4:43 AM
May 20 (Reuters) - Hong Kong economic indicators GDP 2012201120102009200820072006 Pct* 1.5^4.9 6.8-2.5 2.1 6.5 7.0 HK$ bln# 1,965^1,936^1,847^1,729^1,773^1,736^1,630^2013 ____________2012______________2011____Q1Q4Q3Q2 Q1Q4Q3 Pct q/q 0.2 1.4^1.1^ -0.1
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Fresh rate cut call on poor Thai GDP data
3 days ago - FT - May 20, 2013 2:46 AM
Economists say the seasonally adjusted 2.2% contraction in the January to March period raises the chance of an interest-rate cut later this month
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Thai Q1 GDP Shrinks 2.2%, Up 5.3% Y/Y
4 days ago - CNBC - May 20, 2013 12:38 AM
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Indonesia budget plan sees 2014 GDP growth rising to 6.4-6.9 pct
4 days ago - Reuters - May 20, 2013 12:36 AM
JAKARTA, May 20 (Reuters) - Indonesia's proposed 2014 budget puts GDP growth next year at 6.4-6.9 pct, above the latest Finance Ministry forecast for this year of 6.2 percent.
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UPDATE 1-Thai Q1 GDP shrinks 2.2 pct q/q, up 5.3 pct y/y
4 days ago - Reuters - May 19, 2013 11:34 PM
* Q1 GDP q/q -2.2 pct vs poll -0.8 pct, revised +2.8 pct inQ4
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19 Tornadoes Strike Kansas And Oklahoma In Three Hours
4 days ago - ZeroHedge - May 19, 2013 8:06 PM
Bullish for GDP, foodstamps and BLS scapegoating of the weather as the reason for a weak May jobs report. Full list of all reported tornaodes between 8PM and 11PM UTC: Source: NOAA
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Sovereign Rates Suggest Further Fall In The Euro
4 days ago - Seeking Alpha - May 19, 2013 3:41 PM
By AlphaVN Research:The fundamental story surrounding the eurozone reflects a region where countries are either falling into recession or already there. GDP data released last week showed France and Italy continuing to contract and Germany on the bri
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Toyota Pulls Bond Deal Due To Soaring Yields: The Japanese "VaR Shock" Feedback Loop Is Back
4 days ago - ZeroHedge - May 19, 2013 12:18 PM
Despite the eagerness of Abenomics and the new BOJ head Kuroda to have their cake and eat it too, in this case manifesting in soaring stock prices, plunging Yen, rising GDP and exports, and most importantly, flat or declining bond yields, so far they
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Research Notes: Fiscal Drag and Upward Revisions to Q2 GDP
4 days ago - Calculated Risk - May 19, 2013 11:02 AM
Some brief excerpts from two research notes released this week.The fiscal drag is hitting hard right now and is expected to fade towards the end of the year.Right now it looks like Q2 is tracking close to 2% GDP growth.From economist Alec Phillips at
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Spot The Odd Continent Out: Total Bank Assets As % Of GDP
5 days ago - ZeroHedge - May 18, 2013 11:07 AM
There is a reason why in Europe, no matter how much some want to deny it, the Cyprus deposit confiscation "resolution" has become the norm. Quite simply "Europe's economy struggles with too many banks, too much debt and too little growth. A long hist
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Japan ETFs Pause After GDP Data
6 days ago - Seeking Alpha - May 17, 2013 4:43 PM
By Tom Lydon: "Abenomics" helped kick start Japan's economy, boosting the country's gross domestic product above expectations. However, Japan exchange traded funds cooled on Thursday.The WisdomTree Japan Hedged Equity Fund (DXJ) and db X-trackers MSC
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Caterpillar CEO: 'We Can Never Make Enough Profit'
6 days ago - Business Insider - May 17, 2013 4:03 PM
Corporate profits have been on the rise for some years now, but wages are stagnant, at best. That's best illustrated by these two charts, showing the trends in corporate profits as a percentage of GDP, compared to wages. Caterpillar, the world's lar
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Sell Euro Rallies After Weak GDP Indicates Continued Recession
6 days ago - Seeking Alpha - May 17, 2013 2:13 PM
ByRichard Cox:Euro bears continue to see mounting evidence supporting their positions, with the latest example coming with this week's release of GDP data. On a quarterly basis, total output figures in the eurozone fell by -0.2% (slightly worse than
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Chinese Profitability Squeezed Further By Third Year Of Double-Digit Wage Gains
6 days ago - ZeroHedge - May 17, 2013 9:44 AM
For the third year in a row (since the crisis) average pay at private companies in China surge by greater than double digits - far outstripping GDP growth. 2012 saw a 17.1% nominal rise in average wages for private companies to Yuan 28,752 per annum
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The euro-zone economy: Recession, cont’d
1 week ago - The Economist - May 16, 2013 10:59 AM
ONE euro crisis may be over, but another has begun. The single currency is no longer under siege in financial markets, but it will not prove politically viable unless growth returns. Any residual hopes of an early recovery were dashed by GDP figures
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The Eurozone’s Woes in One Big Chart
1 week ago - EconoMonitor - May 16, 2013 10:52 AM
The latest data from Eurostat shows that fewer than half of the eurozone’s economies are now growing. Real GDP in the EZ as a whole was 0.4 percent lower in the first quarter of 2013 than a year earlier. The worst news came from the bloc’
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Chart Of The Day: Euro Area Gdp
1 week ago - Pragmatic Capitalism - May 16, 2013 9:49 AM
The euro area provided its first estimate of Q1.The 0.2% decline in GDP comes after a 0.6% contraction in Q4 and confirms the euro area as the weakest among the high incomeregions.It is the sixth consecutive quarterly contraction, a record of dubious
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10 Things You Need To Know Before The Opening Bell (WMT, TSLA, CSCO, GLD, SPY, DIA)
1 week ago - Business Insider - May 16, 2013 7:17 AM
Good morning. Here's what you need to know. Asian markets were mixed in overnight trading with the Shanghai Composite up 1.2%, its best day since May 3. Europe is mixed and U.S. futures are modestly lower. Japanese Q1 GDP increased 3.5% year-over-
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Surging Q1 Japan GDP Leads To Red Nikkei225 And Other Amusing Overnight Tidbits
1 week ago - ZeroHedge - May 16, 2013 6:56 AM
In a world in which fundamentals no longer drive risk prices (that task is left to central banks, and HFT stop hunts and momentum ignition patterns) or anything for that matter, it only makes sense that the day on which Japan posted a better than exp
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Benzinga Market Primer: Thursday, May 16: J.C. Penney Earnings In Focus
1 week ago - Benzinga - May 16, 2013 6:47 AM
Futures Flat After Strong Japanese GDP
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Eurozone GDP Puts Euro Under Pressure
1 week ago - Benzinga - May 16, 2013 6:41 AM
The euro remained under pressure on Thursday after weak GDP data was released Wednesday. The figures indicated that the European Central Bank's prediction of growth in the second half of 2013 is looking less and less likely.
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Asian Markets Took A Breather After A Big Japanese GDP Report
1 week ago - Business Insider - May 16, 2013 4:06 AM
Markets closed mixed in Asia on Thursday. Japan's Nikkei fell 0.4%. Australia's S&P/ASX fell 0.5%. Korea's Kospi climbed 0.8%. Hong Kong's Hang Seng climbed 0.3%. China's Shanghai Composite advanced by 1.2%. The market action followed a big GDP r
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Europe stocks mixed after Japan GDP
1 week ago - MarketWatch - May 16, 2013 3:23 AM
LONDON (MarketWatch) -- European stock markets showed mixed moves in early action on Thursday, after rising to multi-year highs the prior day, while investors looked east after Japanese growth data beat expectations. The Stoxx Europe 600 indexfell 0.
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Japan: Growth That's Built to Last?
1 week ago - WSJ - May 16, 2013 2:42 AM
The jump in Japan's GDP suggests the rebound has moved from the financial markets into the real world—but sustaining growth in the longer term will require structural reform.
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GLOBAL MARKETS-Upbeat Japan GDP brings some Asia cheer, but Nikkei misses out
1 week ago - Reuters - May 16, 2013 1:50 AM
SYDNEY, May 16 (Reuters) - Most stock markets in Asia edged up on Thursday after solid growth data from Japan improved sentiment, although Tokyo's Nikkei lagged, while worries about a prolonged recession in the euro zone kept the common currency unde
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GLOBAL MARKETS-Upbeat Japan GDP brings some Asia cheer, but Nikkei misses out
1 week ago - Reuters - May 16, 2013 1:50 AM
SYDNEY, May 16 (Reuters) - Most stock markets in Asia edged up on Thursday after solid growth data from Japan improved sentiment, although Tokyo's Nikkei lagged, while worries about a prolonged...
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GLOBAL MARKETS-Upbeat Japan GDP brings some Asia cheer, but Nikkei misses out
1 week ago - Reuters - May 16, 2013 1:50 AM
SYDNEY, May 16 (Reuters) - Most stock markets in Asia edged up on Thursday after solid growth data from Japan improved sentiment, although Tokyo's Nikkei lagged, while worries about a prolonged recession in the euro zone kept the common currency unde
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Japan: Stronger Than Expected GDP; Bought Foreign Bonds For Third Week
1 week ago - Seeking Alpha - May 16, 2013 1:49 AM
By Marc Chandler:Japan reported a stronger than expected Q1 GDP expansion, confirming it was the fastest growing economy in the G7. Separately, the Ministry of Finance reported the third consecutive weekly net purchases of foreign bonds.Japan reporte
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GLOBAL MARKETS-Upbeat Japan GDP brings some cheer, but Nikkei misses out
1 week ago - Reuters - May 15, 2013 11:43 PM
* Nikkei turns negative as momentum stalls; firmer elsewhere
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GLOBAL MARKETS-Upbeat Japan GDP brings some cheer, but Nikkei misses out
1 week ago - Reuters - May 15, 2013 11:43 PM
* Nikkei turns negative as momentum stalls; firmer elsewhere
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GLOBAL MARKETS-Upbeat Japan GDP brings some cheer, but Nikkei misses out
1 week ago - Reuters - May 15, 2013 11:43 PM
* Nikkei turns negative as momentum stalls; firmer elsewhere
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GLOBAL MARKETS-Upbeat Japan GDP brings some cheer, but Nikkei misses out
1 week ago - Reuters - May 15, 2013 11:43 PM
* Nikkei turns negative as momentum stalls; firmer elsewhere
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