It's a bad day for data in the United States:
April's Philadelphia Fed manufacturing survey saw a decline from 2.0 to 1.3, an improvement to 3.3 was expected. The figure represents the health of the manufacturing sector.
March's CB leading indicator was also poor as the stat dropped from 0.5% to -0.1%, while a fall to 0.1% was predicted. The indicator attempts to gauge future trends in the economy, such as employment, the average work week, initial claims, permits for new housing construction, stock prices and the yield curve.
Earlier initial jobless claims came in high at 352,000 versus expectations of 350,000.