Aside from the wrangling over Greece, US GDP was the dominant force behind market momentum in the prior week. Although not as positive as previously hoped, the -0.20% first quarter GDP print has set the wheels in motion for a September rate hike, a point that was corroborated by FOMC Member Jerome Powell as the Federal Reserve prepares financial markets for liftoff. Other data points bolstered the case for raising rates sooner including blockbuster existing home sales and soaring new home sales. Also helping the argument for interest rate normalization was stronger spending data and rising incomes. Across the Atlantic, Europe has seen manufacturing metrics improve on the back of the weaker Euro, with French manufacturing managing to climb back into expansionary territory. However, the economic outlook for the nation remains fragile after the number of unemployed individuals rose for the 80th straight month. Chinese manufacturing ticked slightly higher, but the HSBC manufacturing PMI remained in contractionary territory despite the gains. Meanwhile, Japan continues to face difficulties in achieving its inflation goals with the Bank of Japan forecasting a rebound towards the goal of 2% in 2016-2017 depending on the outlook.