15. Fundamentals What is the state of world economies currently? U.S. 1Q GDP rose 3.2% year-on-year, Housing starts rose to 626,000 vs. 605,000, an 18.8% jump in multi-family starts, ISM manufacturing data came in at 59.6 in March vs. 56.3 expected indicating a rise in manufacturing activity, Retail sales beat forecasts rising 1.6% vs.1.0% In April, nonfarm payroll employment rose by 290,000 Euro UK Jobless Claims: - 27.1k vs. – 20.0K expected, EU GDP (QoQ): 0.2% vs. 0.1% expected
16. Fundamentals What is the state of world economies currently? Asia Chinareported a 1Q10 GDP expansion of 11.9 percent. Singapore recorded 15.5% yoygrowth in Q1. Japan’s economy grew a relatively robust 1.2 per cent in the first quarter. Taiwan reported first quarter yoyGDP growth of 13.27 per cent