Russia Central Bank Reserves $ down to $471.1B from previous $471.6B

Data released today indicated that Eurozone GDP expanded by only 0.2 percent in the first quarter of 2014, missing the consensus expectation of a still-weak 0.4 percent rise. Year-on-year growth came to 0.9 percent. German remained the biggest growth driver in the currency union, gaining 0.8 percent while France and Italy disappointed. But while the GDP print represents further reinforcement of the Eurozone’s dismal outlook, will it be enough to prompt ECB president Mario Draghi into action?