Eurozone Q1 2016 GDP missed expectations, 0.5% vs 0.6% exp q/q

The second estimate of Q1 2016 Eurozone GDP disappointed markets, coming in at 0.5% versus 0.6% expected q/q and 0.6% booked in the first estimate. While the yearly reading ticked lower to 1.5% from 1.6% booked previously.