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Ipreo Global ECM Review: The Week Ended March 24, 2016

Ipreo Global ECM Review: The Week Ended March 24, 2016

Global ECM – 3.24.16

In U.S. economic news, durable orders for February fell 2.8%, reversing course from January’s downwardly-revised 4.2% increase, and slightly topping estimates of a 2.9% drop. Excluding transportation, durables goods declined 1.0%, falling from a 1.2% gain in January, and steeper than expectations of a 0.2% decrease. In labor news, initial claims came in at 265K, below estimates of 268K, while continuing claims totaled 2179K, below the prior week’s downwardly-revised 2218K.