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The Latest Breaking News from GDP

Stocks Mostly Higher as Nvidia’s Blowout Earnings Boost Tech Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.63%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.98%. U.S. stocks this morning are mixed, with the Nasdaq...

Barchart

Stocks Climb Before the Open as Investors Await Key U.S. GDP Data, Nvidia Results Boost Sentiment

June S&P 500 futures (ESM23) are up +0.63%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.74% this morning after three major U.S. benchmark indices finished the regular session in the red as talks between the White House and Republican representatives on raising the U.S. debt ceiling ended without…

Barchart

German economy in recession after high prices take toll, revised figures reveal

Updated data shows economy went into reverse in first quarter with GDP falling by 0.3%

The Guardian - UK

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German economy goes into recession as GDP shrinks by 0.3% in Q1

BERLIN: The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby entering recession, data from the statistics office showed on Thursday.

The Times of India

Morning Digest | Ron DeSantis launches 2024 presidential bid to challenge Donald Trump; GDP growth may cross 7% in 2022-23: RBI Governor, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

Alan Kohler: Productivity has collapsed because workers have lost hope

Between March and December last year, Australian productivity – GDP per hours worked – actually declined 4.1 per cent.

The New Daily

Why GDP doesn't work, and what Scotland should replace it with

LAST week the Beyond Growth Conference, the biggest European conference to discuss an alternative economic model, took place in Brussels. Over…

The National (Scotland)

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Degrowth isn't the same as a recession – it's an alternative to growing the economy forever

The UK economy unexpectedly shrank by 0.3% in March, according to the Office of National Statistics. And though the country is likely to narrowly avoid an official recession in 2023, just as it did the previous year, the economy is projected to hit the worst growth rates since the Great…

The Conversation

UK growth forecast upgraded by IMF; Bank of England governor says ‘big lessons to learn’ after inflation shock – as it happened

New IMF report shows “a big upgrade to the UK’s growth forecast” says Jeremy Hunt, with UK expected to grow by 0.4% this year not shrink by 0.3%

The Guardian - UK

Analysts concerned delay could hamper GDP, stocks

Stock market analysts have expressed unease about the post-election political situation, saying a delay in the formation of a new government would affect the country's GDP and encourage foreign investors to continue dumping Thai shares.

Bangkok Post

Yellen, FOMC Minutes and Other Key Themes to Watch This Week

It was a great week in the overall market this week. The S&P 500 ($SPX) (SPY) finished up over 1% with most of that run coming in the second half of the week.

Barchart

Investors cheer signs of end to US debt drama

RECAP: Asian shares rose on Friday as increased hopes of a deal over the US debt ceiling and strong economic data lifted sentiment, while Japan's Nikkei index jumped to its highest level in nearly 33 years.

Bangkok Post

Budget 2023 won't move dial on R&D 'hole'

The Govt is committed to a target of getting investment to 2% of GDP as a way to “help build a high-skill, knowledge-based and more productive economy”. This is not a Budget to get us there.

Newsroom.co.nz

New govt faces 4 economic time bombs

The election result is already out and Thailand is heading for a big policy change. As the party with most seats, the Move Forward Party will form the government. The second place-getter -- the Pheu Thai Party -- has agreed to be in the coalition. These two parties, however, have…

Bangkok Post

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StockNews.com

3 Consumer Stocks With Unmatched Market Potential

Consumer spending drove the 1.1% growth in GDP during the first quarter. With strong job growth and cooling inflation, consumer sentiment is expected to improve. Given this backdrop, it could be wise to buy fundamentally strong consumer stocks LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY), Unilever (UL), and…

The Independent UK

Stock market today: Japan rises on GDP data; rest of region shaky

Asian shares are trading mixed as Japan’s benchmark jumped on the news of solid economic growth data, while the rest of the region was mired in uncertainty

Bangkok Post

Q1 GDP grows 2.7% y/y, beats expectations

Thailand's economy expanded 2.7% in the first quarter from a year earlier, official data showed on Monday, faster than expectations, as private consumption and tourism rebounded.

The Hindu

Welfare spending has been getting a regular pruning

Central allocations for various welfare schemes and sectors in India that ensure basic rights have declined as a proportion of GDP

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news in one place.

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Evening Standard

OPINION - UK economy stuck in first gear as GDP plunges in March

Conversations about the weather are rarely actually about the weather. As the social anthropologist Kate Fox writes in her brilliant and often snort-inducing book, Watching the English, weather chat is in fact “a form of code, evolved to help us overcome our natural reserve and actually talk to each other.”…

Evening Standard

The economy might be stalling, but be thankful for our strong job market

City Comment: The GDP graph is now barely flickering, but remarkably few people are involuntarily out of work

PC Gamer

Meta says new study shows the metaverse could boost the global economy by $3.6 trillion per year and yes it probably is worth noting Meta paid for the research

By 2035, Meta supported research reckons the company has potential to overtake mobile phones as the major computing platform.

Barchart

Stock Index Futures Climb as Investors Weigh Economic Outlook, U.S. Debt Ceiling Talks Remain in Focus

June S&P 500 futures (ESM23) are up +0.44%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.30% this morning after three major U.S. benchmark indices closed mixed on Thursday as renewed concerns about the health of regional banks overshadowed economic data that showed a moderation in producer prices and…

The National (Scotland)

UK economy grows slightly in first quarter but slumps unexpectedly in March

THE UK economy marginally grew over the first quarter of the year, according to official data, despite an unexpected slump in March.

Evening Standard

UK economy stuck in first gear as GDP plunges in March

Bad weather and strikes blamed for forcing down high street sales

Evening Standard

FTSE 100 Live: ‘Inflation at a turning point’, BoE economist says; FTSE closes up 0.3% despite March GDP fall

The FTSE 100 index is trading higher today

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Dipanjan BanchurSince

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