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Ipreo Global ECM Review: The Week Ended April 28, 2017

Ipreo Global ECM Review: The Week Ended April 28, 2017

In U.S. economic news, GDP-adv. for the first quarter expanded 0.7%, below the prior quarter’s 2.1% increase, and short of consensus estimates of a 1.1% increase. Additionally, the GDP chain deflator-adv. for the first quarter rose 2.3%, slightly above both the 2.1% increase projected by economists and seen in the previous quarter. Elsewhere, euozone inflation grew to 1.9% in April, above the 1.5% reported in March, and surpassing economists’ estimates of 1.8%. Finally, Japan’s Core CPI rose 0.2% in March, unchanged from the previous month, and matching analysts’ forecasts.