The strong growth momentum of the global economy was sustained at the beginning of the second quarter of this year, showed the PMI survey data. This was despite signs of slower growth in the emerging markets.
Out of the four biggest developed world economies, growth was driven by the euro area, with the U.K. close behind, noted Markit. Meanwhile, the U.S. and Japan recorded slower but stable growths, indicating towards a widespread, strong developed world upturn at the beginning of the second quarter.
Emerging market growth had significantly rebounded in the first quarter of 2017, but the April momentum was slow, although with a mixed bag of PMI surveys. Subdued growth was seen in Russia, China and India; however, Brazil saw a welcome return to growth following a two-year recession.
“May’s PMI data will provide key insights into second quarter economic trends, and could prove important triggers for sentiments regarding ECB, Bank of England and FOMC policy trajectories”, says IHS Markit.


Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 



