Initial Guidance | 23 April 2015

● US existing home sales surge to fastest pace in 18 months | USA Today
● US Mortgage Applications Rise for Fourth Time in Five Weeks | ON
● PMI: growth in Germany slows slightly at the start of Q2 | Markit
● PMI: Eurozone growth edges lower at start of second quarter | Markit
● Eurozone Consumer Confidence Unexpectedly Weakens In April | RTT
● German consumer morale inches higher going into May | Reuters
● PMI: China Manufacturing activity edges down to one-year low | Markit
● PMI: Operating conditions worsen at Japanese manufacturers | Markit