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Eurozone GDP grew by 0.5%

Seasonally adjusted GDP rose by 0.5% in the euro area (EA19) and by 0.4% in the EU28 during the first quarter of 2017, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union.

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Consumer Sentiment in U.S. Was Little Changed in April

Household sentiment was little changed in April from the previous month, holding at an elevated level on optimism about personal finances, University of Michigan survey data showed. Final April index of sentiment stood at 97 (forecast was 98), after 96.9 in March, and down from a preliminary reading of 98.  Current conditions gauge, which measures Americans’ perceptions of their personal finances, eased to 112.7 from 113.2 the prior month. The preliminary April reading was 115.2.

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UK GDP up by less than expected

UK gross domestic product (GDP) was estimated to have increased by 0.3% in Quarter 1 (Jan to Mar) 2017, the slowest rate of growth since Quarter 1 2016. Slower growth in Quarter 1 2017 was mainly due to services, which grew by 0.3% compared with growth of 0.8% in Quarter 4 (Oct to Dec) 2016.

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China's GDP up by 6.9% in Q1

The Chinese economy expanded at a faster pace in the first quarter, as government spending continued to fuel the expansion that many had feared would begin to slow in the new year. The National Bureau of Statistics said gross domestic product (GDP) expanded at an annualized 6.9% in the first quarter, up slightly from 6.8% in the previous three quarters and well within the government’s target range of 6.5% to 7%. Analysts in a median forecast called for quarterly growth of 6.8%. Compared to the fourth quarter, GDP expanded 1.3%, official data showed.

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