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Squawk Box anchors discuss the Spanish election results where the incumbent PSOE has won but failed to secure a majority. Russia’s central bank governor Elvira Nabiullina tells CNBC exclusively that she fears a global slowdown but feels a recession won’t materialise next year. The US posts stronger-than-expected Q1 GDP with investors looking ahead to this week’s Federal Reserve meeting for further signs on its policy path. And oil slumps for a second consecutive session on the back of President Trump’s previous call for OPEC to raise output. Plus, there are Q1 results from Philips, Uber prices shares at $44-$50 ahead of its IPO and Avengers: Endgame breaks box office records, earning $1.2bn during its opening weekend.