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Ipreo Global ECM Review: The Week Ended June 2, 2017

Ipreo Global ECM Review: The Week Ended June 2, 2017

In U.S. economic news, personal income for the month of April rose 0.4%, up from the prior month’s 0.2% jump and matching consensus predictions. In labor news, the unemployment rate for May came in at 4.3%, falling from 4.4% in April, and below economists’ expectations of 4.4%. Elsewhere, Eurozone PPI increased 4.3% year-over-year in the month of April, gaining speed from the 3.9% increase seen in the prior month, yet missing economists’ estimates of a 4.5% gain. Finally, Japan’s consumer sentiment improved in May to 43.6 from 43.2 in April, slightly above economists’ expectations of 43.5.