Initial Guidance | 7 May 2015

● ADP: Second Consecutive Sub-200k Job Month In April for US | USN&WR
● US Job Creation Index Reaches New High of +31 | Gallup
● Biggest US Productivity Drop in Decades Sends Ugly Omen | Bloomberg
● Eurozone retail PMI posts highest reading for 10 months in April | Markit
● Solid growth of global economic output and new orders in April | Markit
● German Factory Orders Recover In March | RTT
● France March Industrial Production Falls Unexpectedly | RTT