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PREVIEW-Brazil's GDP likely contracted again in Q1 as recession enters second year

BRASILIA, May 30- Brazil's economy probably shrank for a fifth straight quarter in early 2016 as an impeachment process against suspended President Dilma Rousseff paralyzed investments and pushed the country closer to its worst downturn on record. Official data due on Wednesday will likely show Brazil's gross domestic product fell a seasonally adjusted...

Source: Reuters

Impact of strikes on French GDP is minimal: Pro

What is the potential for the labor reform protests to impact France’s second-quarter growth? Laurent Clavel, senior international economist at AXA Investment Managers, weighs in.

Source: CNBC.com

UPDATE 1-Fed's Bullard says global markets seem well-prepared for summer rate hike

*Bullard sees Q2 GDP rebound materialising. Louis Federal Reserve President James Bullard said on Monday global markets appear to be "well-prepared" for a summer interest rate hike from the Fed, although he did not specify a date for the policy move. "My sense is that markets are well-prepared for a possible rate increase globally, and that this is not too...

Source: Reuters

Recession warning?

CNBC's Steve Liesman reports the details on the disappointing first quarter GDP revisions, and CNBC Senior Contributor Larry Kudlow weighs in on recession risks.

Source: CNBC.com

WRAPUP 2-U.S. economic growth revised higher in first quarter

*First-quarter GDP growth raised to 0.8 percent rate. WASHINGTON, May 27- U.S. economic growth slowed in the first quarter although not as sharply as initially thought, as a surge in home building and steady inventory accumulation partially offset the drag from a steep decline in business investment. Gross domestic product rose at a 0.8 percent annual rate as...

Source: Reuters

CEE MARKETS-Zloty boosted by U.S. GDP data; Richter lifts Budapest shares

BUDAPEST, May 27- The Polish zloty gained half a percent in thin holiday trading on Friday, while shares in Hungarian drug maker Richter gained as much as 4 percent after crossing a key price level. One analyst in Warsaw said weak U.S. economic growth data bolstered the zloty as it dampened prospects for a rate increase by the Federal Reserve in the near term, which...

Source: Reuters

Q1 GDP revisions disappoint

CNBC’s Steve Liesman has the latest details on consumer spending, GDP details and what Federal Reserve Chair Janet Yellen will talk about later today.

Source: CNBC.com

WRAPUP 1-U.S. economic growth revised higher in Q1; profits rebound

*First-quarter GDP growth raised to 0.8 percent rate. WASHINGTON, May 27- U.S. economic growth slowed in the first quarter although not as sharply as initially thought, as a surge in home building and steady inventory accumulation partially offset the impact of modest consumer spending and soft business investment. Gross domestic product rose at a 0.8 percent...

Source: Reuters

*US DOLLAR INDEX FALLS SLIGHTLY AFTER GDP, DROPS TO 95.300

US DOLLAR INDEX FALLS SLIGHTLY AFTER GDP, DROPS TO 95.300.

Source: Reuters

Q1 GDP up 0.8% (rev.)

CNBC's Rick Santelli has the latest read on GDP, and Steve Liesman weighs in on what it indicates about consumer spending and housing.

Source: CNBC.com