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UK exits recession

In the UK, gross domestic product rose 0.6% in Q1 QoQ, beating the forecast of the forecast of 0.4%.

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Indices Shares Commodities FTSE 100 GDP

Written by

Jeremy Naylor

Jeremy Naylor

Analyst

Publication date

The FTSE 100

The FTSE 100 is poised to post a third straight week of gains; the FTSE 100 and DAX trade at record highs. In the UK, gross domestic product rose 0.6% in Q1 Quarter-on-quarte (QoQ), beating the forecast of the forecast of 0.4%.. Industrial production increased by 0.2% MoM, which was also better than expected.

Michigan consumer sentiment

Over in the US, the market awaits Michigan consumer sentiment for the month of May, forecast to fall to 76 from 77.2 the previous month.

British Airways

British Airways owner IAG posted an operating profit of €68 million in Q1, beating the forecast of €49 million. The group expects a positive, long-term, and sustainable demand for travel.

Oil

Oil prices rebounded on Thursday. Traders now eye the latest Baker Hughes data. Last week, the total rig count fell to 605 from 613 the previous week. The number of operating oil rigs fell by seven to 499.

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