Daily global Markets Report from MarketsWorld.com 1st June 2015

 

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Read the latest global markets report from binary options broker MarketsWorld

Stocks in the US closed lower on Friday, as a batch of underwhelming data reports disappointed investors and showed that the US economy contracted in the first quarter for the second consecutive year. Economic data showed that revised US GDP shrank at an annualised pace of 0.7% in the first three months of the year. The preliminary estimate from the Department of Commerce was a contraction of 0.2%, while forecasts were for a fall of 0.9%. Personal consumption grew at a 1.8% annualised rate in the first quarter, revised down from an initial estimate of …….. Full global markets report here

 

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