Good evening,

in UK the FTSE100 closed in positive territory, up 83.2 points at 6,096.01 (+1.38%) and in US indices are off their intraday highs and only the Nasdaq Composite is gaining at the moment. The gauge is at 4,593.74 (+0.25%).  Profit taking on both DJIA and S&P500, with the former at 16.648 (-0.25%) and the latter at 1,950.01 (-0.09%) as the rally lost its momentum after the CPE data release that was better than the consensus, thus increasing the probability of a rate hike. GDP data above the consensus  as well  with a +1% growth  on Q4 (+0.4% the expectations).

In Eurozone Germany is in deflation with a CPI YoY of -0.2%; German lawmakers went to court because they did not agree with Draghi`s QE. The Bundesbank has been very skeptical with the ECB, but this CPI pattern is a symptom of a slowdown that may give more powers to the ECB as now its most important member faces difficult situations, considering also the derivatives exposure of the main banking institutions. EurUsd is trading down 77 pips ar 1.0940 (-0.70%).

Gold is down 1.7$ at 1,223.75 $/oz and Crude Oil is unchanged at at 33 $/barrel. The G20 will continue tomorrow as well in Shanghai.

(20:50 GMT).