Initial Guidance | 21 May 2015

● Fed officials see June rate hike as unlikely: minutes | Reuters
● US mortgage applications drop for 4th straight week | RTT
● Eurozone Job creation at 4-year high as eco. growth slows in May: PMI | Markit
● Further slowing of German private sector output growth in May: PMI | Markit
● China’s mfg. output contracts at strongest rate in over a year in May: PMI | Markit
● Operating conditions in May improve at Japanese manufacturers: PMI | Markit