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Market Update: Ipreo Global ECM Review -The Week Ended June 29, 2018

Market Update: Ipreo Global ECM Review -The Week Ended June 29, 2018

In U.S. economic news, Housing Starts for May registered at 1,350,000, beating consensus estimates of 1,320,000, and coming in above the prior-period reading of 1,290,000. Building Permits in May registered at 1,300,000, missing consensus estimates of 1,340,000, and coming in below the prior-period’s reading of 1,360,000.  The U.K. saw GDP grow at a faster pace than expected in the first-quarter of 2018, ticking up 0.2%. Previous estimates projected just a 0.1% growth. A much smaller-than-expected decrease in production output helped keep the overall economy growing during the period. Household spending expanded by 0.2% and goverment expenditures grew by 0.4%.  Japan’s seasonally adjusted consumer confidence index fell to 43.7 in June from the 43.8 reading in May. Analysts projected the index to remain constant at 43.8. Additionally, the sub‐index for livelihood decreased to 41.9 in June following the 42.1 figure seen in May.

Global ECM – 6.29.18

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