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10/05/24 - UK GDP, recession fears put to rest, FTSE highs, IAG Reports
UK GDP rose 0.6% in Q1 QoQ, beating 0.4% forecast. Industrial production increased by 0.2% MoM, also better than expected.
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 owner IAG posted an operating profit of €68Mln in Q1, and expects a positive, long term and sustainable demand for travel.
Oil traders eye latest Baker Hughes data. Last week, 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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By IG Trading DeskUK GDP rose 0.6% in Q1 QoQ, beating 0.4% forecast. Industrial production increased by 0.2% MoM, also better than expected.
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 owner IAG posted an operating profit of €68Mln in Q1, and expects a positive, long term and sustainable demand for travel.
Oil traders eye latest Baker Hughes data. Last week, total rig count fell to 605 from 613 the previous week. The number of operating oil rigs fell by seven to 499.