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UK GDP revision adds to macro data woes

WORSE: UK Q1 Prelim GDP revised down to -0.3% QoQ from 0.2% est/flash WORSE :UK Q1 Prelim GDP revised down to -0.1% YoY from flat est/flash First YoY decline since Q4 2009 Revision driven by sharpest contraction in  Construction since Q1 2009   BETTER: UK BBA Mortgage approvals (April) 32438 vs 32,000 est (prev 31,931)…

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Yet more disappointing European macro data

WORSE: Eurozone PMI Manufacturing (May, prelim) 45.0 vs 46.0 est (prev 45.9) WORSE: Eurozone PMI Services (May Prelim) 46.5 vs 46.7 est (prev 46.9) Understandable after poor French and German Data   WORSE: German IFO; Business Climate (May) 106.9 v 109.4 est (prev 109.9); WORSE :German IFO; Currrent Assessment (May) 113 v 117.1 est (prev…

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UK 100 Focus – 24 May

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German PMI data also disappoints

WORSE: German PMI Manufacturing (May, Prelim): 45.0 vs 47.0 est (prev 46.2); Better: German PMI Services (May, Prelim): 52.2 vs 52.0 est (prev 52.2) CFDs & Spread Betting with Accendo Markets

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French PMI data disappoints

WORSE: French PMI Manufacturing (May, Prelim): 44.4 vs 47.0 est (prev 46.9); Worse: French PMI Services (May, Prelim): 45.2 vs 45.7 est (prev 45.2) CFDs & Spread Betting with Accendo Markets

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Breakfast Buffet – 24 May

Morning Report Momentum Screening Upgrades/Downgrades Movers & Shakers Live Macro Calendar Top Trades Spread Betting with Accendo Markets

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