Initial Guidance | 22 May 2015

● US Manufacturing PMI eases to 16-month low in May | Markit
● US Existing Home Sales Fall Short of Expectations In April | Mortgage News Daily
● US Jobless Claims Rise, But Still Point to Growing Labor Market | WSJ
● US Leading Economic Index Climbs 0.7% In April, More Than Expected | RTT
● National activity index less negative in April, Chicago Fed says | MarketWatch
● Consumers’ Expectations for U.S. Economy Drop Most Since 2013 | Bloomberg
● German Business Confidence Weakens In May | RTT