Global Markets Trade Flat Post Earning Season

The UK economy expanded by 0.1 per cent in the first quarter, avoiding a predicted recession.

The UK economy expanded by 0.1 per cent in the first quarter, avoiding a predicted recession. However, despite broad declines in the services sector, the gross domestic product surprisingly declined 0.3 per cent sequentially in March. 

For the first time in two years, the annual rise in consumer prices dropped to below 5 per cent in April, which can allow the Fed to take a break from rate hikes. While the bulk of the bear market may still be ahead of us, the economic downturn has already begun.