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Ipreo Global ECM Review: The Week Ended December 24, 2015

Ipreo Global ECM Review: The Week Ended December 24, 2015

Global ECM – 12.24.15

In U.S. economic news, the third estimate for third-quarter GDP showed an expansion of 2.0%, down from the prior estimate of 2.1%, and matching economists’ estimates. Elsewhere, Italy’s retail sales increased 1.8% year-on-year in October, following a 1.5% gain in September, and topping economists’ estimates of a 1.7% expansion. Additionally, Japan’s cabinet approved a record 96.7 trillion yen budget for fiscal 2016 that aims to boost growth with higher tax revenue.