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Market Update: Ipreo Global ECM Review -The Week Ended May 25, 2018

Market Update: Ipreo Global ECM Review -The Week Ended May 25, 2018

In U.S. economic news, the FHFA Housing Price Index for March registered at 0.1%, lower than both the consensus estimates and April’s growth of 0.6%. Additionally, the MBA Mortgage Applications Index fell 2.6% for the week ended May 19, compared to the prior week decline of 2.7%. Mortgage apprrovals increased in the UK to 38,049 during April, following a decrease to 37,606 in March. The Managing Director, Personal Finance at UK Finance, Eric Leenders, said, “This was driven by strong remortgaging levels, as borrowers locked into attractive deals amid expectations of a base rate rise.”  Consumer prices in Tokyo were up only 0.4% year-over-year in May, missing economists’ expectations and prior-month results of a 0.5% jump. Meanwhile, Core CPI grew at a year over-year rate of 0.5%, missing economists’ forecasts of a 0.6% gain, and missing prior-month results which were also 0.6%.

Global ECM – 5.25.18